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USDJPY Daily Forecast: January 09

Sunday, January 8, 2017 22:03
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(Before It's News)

USDJPY Forecast
The USDJPY was indecisive last week. Price slipped below 116.00, but closed higher at 116.94 and hit 117.43 earlier today in Asian session. This fact could create a false breakdown bullish scenario and keep the major bullish outlook remains valid. The bias is bullish in nearest term testing 118.00/60 area. Immediate support is seen around 116.80. A clear break below that area could lead price to neutral zone in nearest term retesting 116.00 support area.

usdjpyhourly



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-january-09-5

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