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USDJPY Daily Forecast: January 12

Wednesday, January 11, 2017 20:02
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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. Price slipped below 114.60 key support but closed higher at 115.41. The bias is neutral in nearest term. The major bullish scenario remains valid, but a clear break and daily close below 114.60 would expose 113.00 region. Immediate resistance is seen around 115.60. A clear break and daily close above that area could trigger further bullish pressure testing 116.00/50 region.

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