USDJPY Daily Forecast: June 20
USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.60 and hit 111.77 earlier today in Asian session. The bias remains bullish in nearest term testing 112.15. A clear break and daily close above that area would expose 113.00 region. Immediate support is seen around 111.40. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 110.65 price is still in a bullish phase after broke above the trend line resistance as you can see on my H4 chart below.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-june-20-6
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Right now, it’s hard to say where this pair is heading, but we just need to be wise with how we go about planning over these things. I am very careful, it helps a lot when you got highly supportive broker like OctaFX. They help big time with low spreads, fast execution and even got swap free account, so all this helps in working nicely and makes everything work rather well and also helps in bringing positive results in all situations.