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USDJPY Daily Forecast: February 17

Thursday, February 16, 2017 15:56
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(Before It's News)

USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 113.07. The bias remains bearish in nearest term testing 112.50/00 support area. Immediate resistance is seen around 113.60. A clear break above that area could lead price to neutral zone in nearest term testing 114.00 area or higher but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-february-17-7

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