USDJPY Daily Forecast: February 20

(Before It's News)

USDJPY Forecast
The USDJPY attempted to push higher last week topped at 114.95 but whipsawed to the downside and closed lower at 112.87. The bias is bearish in nearest term testing 112.00 area. Immediate resistance is seen around 113.50. A clear break above that area could lead price to neutral zone in nearest term testing 114.00 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.

• USDCHF Daily Forecast: February 20
• Pound to Euro exchange rates still holding relatively firm (Joshua Privett)
• Further falls for the pound (Dayle Littlejohn)
• European Elections and the impact for Sterling Euro rates (Tom Holian)
• Economic and Political uncertainty causes Pound exchange rates to fall (Tom Holian)
• Sterling falls across the board after data shows a slump in spending, will the downward trend continue? (Joseph Wright)
• How will Greece effect the Euro?
• EUR/GBP – Down trend is 4 hours chart
• Greek Debt Problems Continue to Mount – How Will This Affect the EUR?
• USDJPY 60 Minute Chart Analysis February 17th, 2017