USDJPY Daily Forecast: August 14
USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.11 but whipsawed to the upside, closed higher at 110.71 and hit 110.90 earlier today in Asian session after failed to break below the daily EMA 200 support as you can see on my daily chart below. The bias is bullish in nearest term testing 111.25 region. Immediate support is seen around 110.58 (current low). A clear break below that area could lead price to neutral zone in nearest term retesting the daily EMA 200 located around 110.15 area.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-august-14-7
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