USDJPY Daily Forecast: December 13
USDJPY Forecast
The USDJPY had another indecisive movement yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 114.20 – 114.70 key resistance area which is a good place to sell with a tight stop loss as a clear break above 114.70 would resume the major bullish trend testing 115.50 – 116.15 region. Immediate support remains around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50 – 112.00 support area which remains a good place to buy with a tight stop loss below 111.65 (EMA 200) as a clear break and daily close below 111.65 would invalidate the major bullish trend.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-december-13-7
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