USDJPY Daily Forecast: January 20
USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 114.60. A clear break below that area could trigger further bearish pressure testing 114.00 – 113.75 area as a part of the double top bearish scenario. Immediate resistance is seen around 115.60. A clear break and daily/weekly close above that area would expose 117.00 area next week.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-january-20-7
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