USDJPY Forecast:

The USDJPY was indecisive yesterday, formed a Doji on daily chart. Price still in consolidation/bearish correction phase. The bias is neutral in nearest term and I think we are in no trading zone. Technically the 92.00 level remains a bearish correction target until we have a consistent move above 93.75 to end this bearish correction and continue the major bullish scenario towards 95.50.

Related Posts:

  • USDJPY Daily Forecast: February 17
  • USDJPY Daily Forecast: April 13
  • USDJPY Daily Forecast: January 19
  • USDJPY Daily Forecast: January 29
  • USDJPY Daily Forecast: April 12
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