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USDJPY Daily Forecast: October 27
Monday, October 26, 2015 18:50
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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday, unable to make a clear break above 121.30 key resistance as you can see on my H4 chart below. The bias is bearish in nearest term as a part of a potential false break out bearish scenario testing 120.20 – 119.50 area. On the upside, 121.30 remains a key resistance which need to be clearly broken to activate my bullish mode.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-october-27-5
