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USDJPY Daily Forecast: October 06

Wednesday, October 5, 2016 21:06
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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 103.66. The bias remains bullish in nearest term testing 104.00/20 area which is a good place to sell with a tight stop loss. Immediate support is seen around 102.75. A clear break below that area could lead price to neutral zone in nearest term testing 101.80. Overall I remain bearish but only a clear break at least below 102.75 would potentially end the double bottom bullish scenario.

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