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USDJPY Daily Forecast: February 24

Thursday, February 23, 2017 21:10
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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.55. The bias is bearish in nearest term testing 112.00 – 111.70 area. Immediate resistance is seen around 113.00. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 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.



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  • Ahmed

    Currently, there are too much happening around, so it will be interesting to see how it all works out. If we trade with proper way than only we will be able to gain well, so we need to be very sharp. I always remain sharp and it helps with OctaFX broker, as they have ideal conditions with low spreads from 0.1 pips to high leverage up to 1.500 while there are over 70 instruments, zero balance protection plus much more, it’s all super cool!

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