USDJPY Forecast The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 113.50. A clear break below that area could trigger further bearish pressure testing 113.00 or lower. Immediate resistance is seen around 114.15 followed by 114.75 but key resistance remains at 115.60 which remains a good place to sell. Price has been moving sideways in a range area as you can see on my H4 chart below suggests a consolidation phase but as long as stay below 115.60 I still prefer a bearish scenario.
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Trading on UJ is good trade for now, if we use proper way and method, it can be very good idea for us and will really help us achieve profits consistently. I can do it all brilliantly under OctaFX, as they have long list of features and facilities through which I can do it all nicely. I enjoy it with their low spreads at 0.1 pips while the rebate program that they got is equally amazing, as it helps me get up to 50% on all trades even if they are lost.