USDJPY Daily Forecast: June 22
USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bearish bias. Price is still in a bullish phase after broke above the trend line resistance as you can see on my H4 chart below, but found an important resistance at 111.78 – 112.00 which need to be clearly broken to the upside to continue the bullish phase targeting 113.00 region. On the downside, key support is seen around 110.65. A clear break back below that area would interrupt the bullish scenario testing 110.00 or lower.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-june-22-7
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