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USDJPY Daily Forecast: October 11

Monday, October 10, 2016 18:31
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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 102.80 but whipsawed to the upside and hit 103.95 earlier today in Asian session. The bias is bullish in nearest term testing 104.00/20 area which 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 – 102.80 area. My major technical outlook remains bearish.

usdjpyhourly

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