USDJPY Daily Forecast: September 19

(Before It's News)

USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias after formed a hammer formation last week. The bias remains bullish in nearest term testing 79.00/20. A clear break and daily close above that area would interrupt the bearish scenario testing 80.00/50 area. Immediate support remains around 78.00 which need to be broken to the downside to keep the bearish bias remains strong retesting 77.65/11 support area. My medium outlook is unclear with potential sideways movement. I still prefer a bullish scenario due to a good risk-reward ratio after hit the record low at 75.56.

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