USDJPY Forecast:

The USDJPY attempted to push higher yesterday, but as you can see on my h1 chart below the bullish pressure found a good resistance around the minor trendline resistance (yellow). The bias is neutral in nearest term. We need a clear break above the minor trendline resistance to continue the bullish scenario testing 93.75 and 94.70 region. Immediate support at 92.50/60 area. Break below that area could trigger further bearish pressure towards 91.71 before re-testing the major trendline support.

Related Posts:

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  • USDJPY Daily Forecast: February 19
  • Daily Forecast for Crosses: March 09
  • USDJPY Daily Forecast: December 15
  • USDJPY Daily Forecast: March 30
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