USDJPY Daily Forecast: September 21
USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 112.58 and hit 112.76 earlier today in Asian session. The bias remains bullish in nearest term retesting 113.00/15 region which is a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would expose 114.00/70 region next week. Immediate support is seen around 112.40. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 region but as long as stay above the trend line support I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-september-21-7
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