USDJPY Daily Forecast: September 21
USDJPY Forecast
The USDJPY had another indecisive movement yesterday but overall still able to maintain its bearish bias after touched the upper line of the bullish channel and now slipped below the bullish channel as you can see on my H1 chart below. The bias is bearish in nearest term testing 101.15. A clear break and daily close below that area would expose 100.00 – 99.50 area. Immediate resistance is seen around 102.00. A clear break above that area could lead price to neutral zone in nearest term testing 102.50 or higher. Fundamental focus today will be on the BOJ press conference and FOMC statement. Overall I remain bearish.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-september-21-5
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As today the BOJ made fairly decent impact on the overall happening, it will be interesting to see how things roll out in coming days with Fed also set to arrive. I am always keeping things tight especially with help of broker like OctaFX, it’s awesome with their swap free account, so I can focus on doing long term trading without having to pay any overnight charges which keeps me relatively relaxed and comfortable with doing everything and that’s what keeps me calm.