USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 112.98 and hit 113.02 earlier today in Asian session. The bias remains bullish in nearest term but note that 113.00 region remains a potential strong resistance and good place to sell at this phase. A clear break and consistent movement above 113.00 would expose 114.50/75 region. Immediate support is seen around 112.75. A clear break below that area could lead price to neutral zone in nearest term testing 112.15/00 support area but as long as stay above the trend line support my major technical outlook remains to the upside.

usdjpydaily

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.