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USDJPY Daily Forecast: January 22

Monday, January 22, 2018 0:04
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USDJPY Forecast
The USDJPY was indecisive last week. Price attempted to push lower bottomed at 110.19 but closed higher back above 110.65 support area. The bias is neutral in nearest term. Immediate support is seen around 110.50 followed by 110.19. Immediate resistance is seen around 111.15 followed by 111.85. Overall I remain neutral but still prefer a bearish scenario at this phase but need a clear break and consistent move below 110.65 to resume the bearish scenario testing 109.50 support area.



Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-january-22-6

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