USDJPY Daily Forecast: September 27

(Before It's News)

USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 77.10 area. Immediate resistance is seen around 77.90 followed by 78.20. Potential weekly range remains between 79.70 – 77.10. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56 and consider 76.00 – 77.00 area as a good place to buy for long term trading plan.

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