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USDJPY Daily Forecast: April 11
Monday, April 10, 2017 18:25
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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 111.57 but closed lower back below 111.30 key resistance and hit 110.62 earlier today in Asian session. The bias is neutral in nearest term probably with a little bearish bias testing 110.10 key support which is a good place to buy with a tight stop loss as a clear break and daily close below that area could trigger further bearish pressure testing 108.50 region. On the upside, 111.30 remains a key resistance. Any sustained movement above that level could trigger further bullish pressure testing 112.00 or higher.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-april-11-5
