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USDJPY Daily Forecast: February 20

USDJPY Forecast
The Usdjpy attempted to push higher last week topped at 114.95 but whipsawed to the downside and closed lower at 112.87. The bias is bearish in nearest term testing 112.00 area. Immediate resistance is seen around 113.50. A clear break above that area could lead price to neutral zone in nearest term testing 114.00 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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USDJPY Daily Forecast: February 20

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