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USDJPY Daily Forecast: January 06

Thursday, January 5, 2017 18:38
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(Before It's News)

USDJPY Forecast
The USDJPY continued its bearish momentum yesterday broke below 116.00 key support as you can see on my H1 chart below. This fact is a serious threat to the bullish scenario. The bias remains bearish in nearest term testing 114.60 area. Immediate resistance is seen around 116.00/25. A clear break above that area could lead price to neutral zone in nearest term testing 117.00 but would give the bullish scenario another chance.

usdjpyhourly



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-january-06-7

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