USDJPY Daily Forecast: January 16
USDJPY Forecast
The USDJPY had a moderate bullish momentum yesterday topped at 108.76. The bias is bullish in nearest term testing 109.10 region. Immediate support is seen around 108.30. A clear break below that area could lead price to neutral zone in nearest term testing 108.00 – 107.60 support area. On the upside, a clear break and daily close above 109.10 would resume the bullish pin bar scenario testing 110.00 area which remains a good place to sell.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-january-16-7
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