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USDJPY Daily Forecast: September 23

Thursday, September 22, 2016 20:10
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(Before It's News)

USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday topped at 100.93 and hit 101.24 earlier today in Asian session. The bias is bullish in nearest term testing the H1 EMA 200 located around 101.65 which is a good place to sell with a tight stop loss. Immediate support is seen around 100.65. A clear break below that area could lead price to neutral zone in nearest term testing 100.00 region or lower. Overall I remain bearish.

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  • Trading on USD/JPY can be seriously beneficial, but we just need to make sure we use it in proper way and trade only when we have certainty. This is why I operate with swap free account to have me comfortable with not worrying about paying overnight charges while there is also Islamic Account available that we could operate, so it just makes things better and allows me to work really smoothly in all situations and always help bring in solid profits.

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