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USDJPY Daily Forecast: August 14
Thursday, August 13, 2015 21:26
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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 125.00. Immediate support is seen around 123.75 (H4 EMA 200). As long as stays above that area I still prefer a bullish scenario at this phase targeting 125.00 – 125.85 region. A clear break and daily/weekly close below 123.75/50 would interrupt the bullish outlook and activate my “wait and see” mode. Potential daily range today is seen between 123.75 – 125.00.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-august-14-5
I do believe the 125 level to be crossed pretty soon, but with UJ, it’s not easy to predict anything, as it’s such a unpredictable pair and the sooner we are able to understand this, it is only going to better to make profits. Right in the moment I am capable of making predications, but I don’t do it due to my broker OctaFX, it has swap free account option, so using that I am able to trade easily without taking the advance risk at all.