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USDJPY Daily Forecast: April 07

Thursday, April 6, 2017 18:09
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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term. Important range area to be closely watched is seen between 111.30 – 110.10. Overall price is still in a bearish phase but needs a clear break and daily/weekly close below 110.10 to continue the bearish scenario with nearest target seen at 108.50. On the upside, a clear break and daily/weekly close above 111.30 would expose 112.00 or higher. Fundamental focus today will be on the US NFP.



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