| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
USDJPY Daily Forecast: February 07
Monday, February 6, 2017 18:41
% of readers think this story is Fact. Add your two cents.
USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 111.62. The bias remains bearish in nearest term testing 111.30. Immediate resistance is seen around 112.30. A clear break above that area could lead price to neutral zone in nearest term testing 112.75 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 111.30 would expose 110.20 (daily EMA 200).
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-february-07-5
