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USDJPY Daily Forecast: October 10

Sunday, October 9, 2016 19:45
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USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 104.16 but closed lower at 102.95. Selling around 104.00/20 was proved to be a good strategy. The bias is bearish in nearest term testing 102.75/50 area. A clear break and daily close below that area would expose 101.80 region. Immediate resistance is seen around 103.50. A clear break above that area could lead price to neutral zone in nearest term retesting 104.00/20 key resistance which remains a good place to sell.

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