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USDJPY Daily Forecast: October 07
Thursday, October 6, 2016 21:46
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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.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-october-07-7
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