USDJPY Daily Forecast: January 18
USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bullish phase after printed the bullish pin bar as you can see on my daily chart below. The bias remains bullish in nearest term testing 110.00 area which is a good place to sell. Immediate support is seen around 109.00. A clear break below that area could lead price to neutral zone in nearest term testing 108.70 – 108.35 support area. On the upside, a clear break and daily close above 110.00 would expose the D1 EMA 200 located around 111.25.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-january-18-8
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