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USDJPY Daily Forecast: August 05
Tuesday, August 4, 2015 19:26
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USDJPY Forecast
The USDJPY had a bullish momentum yesterday and hit 124.43 earlier today. The bias is bullish in nearest term testing 124.50. A clear break above that area could trigger further bullish pressure testing 125.00 or higher. Immediate support is seen around 124.10. A clear break below that area could lead price to neutral zone in nearest term testing 123.50/00 area. As you can see on my H4 chart below price is still moving above the EMA 200 suggests a bullish view. Potential daily range today remains between 123.00 – 124.50.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-august-05-5
