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USDJPY Daily Forecast: February 13

Sunday, February 12, 2017 19:24
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(Before It's News)

USDJPY Forecast
The USDJPY was indecisive last week but price slipped above the H4 EMA 200 as you can see on my H4 chart below suggests a potential bullish pullback but overall I still prefer a bearish scenario at this phase. The bias is bullish in nearest term testing 114.50 region. Immediate support is seen around 113.60. A clear break below that area could lead price to neutral zone in nearest term testing 113.00 area. On the upside, a clear break and daily close above 114.50 would expose 115.60 key resistance which is a good place to sell.

usdjpy4h



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-february-13-5

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