USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 119.05. A clear break below that area could trigger further bearish pressure testing 118.50 key support. Immediate resistance is seen around 120.15. A clear break above that area could trigger further bullish pressure testing 120.65 area but key resistance remains around 121.30. The best plan for me remains to sell around 121.30 or buy around 118.50 with a tight stop loss.

usdjpyhourly

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.