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USDJPY Daily Forecast: February 22

Tuesday, February 21, 2017 19:44
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(Before It's News)

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 113.77 but traded a little bit lower earlier today in Asian session hit 113.32. The bias is neutral in nearest term. Immediate support is seen around 113.20. A clear break below that area could trigger further bearish pressure testing 112.65 area. Immediate resistance is seen around 113.70. A clear break above that area could trigger further bullish pressure testing 114.00/30 region but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Fundamental focus will be on the FOMC meeting minutes.

usdjpy4h



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-february-22-6

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