Visitors Now:
Total Visits:
Total Stories:
Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

USDJPY Daily Forecast: October 18

Monday, October 17, 2016 20:38
% of readers think this story is Fact. Add your two cents.

(Before It's News)

USDJPY Forecast
The USDJPY had a bearish momentum yesterday and hit 103.68 earlier today. The bias is bearish in nearest term. Price is now testing the trend line support and H1 EMA 200 as you can see on my H1 chart below, located around 103.60/50. A clear break below that area could trigger further bearish pressure testing 102.75 or lower. On the upside, 104.20 area remains a key resistance and good place to sell with a tight stop loss. Overall I remain bearish.

usdjpyhourly

Report abuse

Comments

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

Top Stories
Recent Stories

Register

Newsletter

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.