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

Last Hour:
Last 24 Hours:

USDJPY Daily Forecast: October 19

Tuesday, October 18, 2016 20:38
% of readers think this story is Fact. Add your two cents.

USDJPY Forecast
The USDJPY was indecisive yesterday formed a Doji on daily chart. Price slipped below the trend line support but found a good support at the H1 EMA 200 as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bearish bias especially if price able to make a clear break below 103.50 testing 102.75 area. On the upside, 104.20 area remains a key resistance and good place to sell with a tight stop loss. 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

    At the moment, it’s very tough to go for long term trade with no clear direction (trend), it’s better that we analysis well and trade only when we are certain of any trend because only then we will be able to benefit. I am quite lucky that I am trading with OctaFX broker where I get excellent support with figuring this out using their expert daily market news and analysis updates, it’s ever easy to follow yet highly effective making it ever so good.

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.