Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

USDJPY Daily Forecast: October 07

Thursday, October 6, 2016 21:46
% of readers think this story is Fact. Add your two cents.

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 104.16 but traded lower earlier today hit 103.53. The bias is bullish in nearest term but 104.00/20 area remains a good place to sell with a tight stop loss. Immediate support is seen around 103.50. A clear break below that area could lead price to neutral zone in nearest term testing 103.00 – 102.75. Overall I remain bearish.



We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • Ahmed

    USD/JPY has been pulling the bar quite high this week, but we make see drop next week, therefore, it’s wise if we are very careful with how we go about dealing with everything since only then we will have better opportunity as far been able to make bigger profit is concern. This is quite easy thanks to OctaFX broker and their powerful structure with steady spreads, zero balance protection while they also allow us to operate on Islamic Account with as low as 5 dollars, so all works perfectly for me.

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.