USDJPY Daily Forecast: April 18
USDJPY Forecast
The USDJPY had another indecisive movement yesterday. Price is still struggling around 112.00 resistance area as you can see on my daily chart below. The bias remains neutral in nearest term. Price is still in a bullish phase after bounced-off 111.00 support area but a rejection above 112.00 could trigger another bearish pullback. Immediate support is seen around 111.80. A clear break below that area could trigger further bearish pressure testing 111.00 or lower.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-april-18-6
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