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USDJPY Daily Forecast: April 17

USDJPY Forecast
The Usdjpy continued its bearish momentum last week after broke below 110.10 key support, bottomed at 108.53 and hit 108.13 earlier today in Asian session. The bias is bearish in nearest term testing 107.50 area. Immediate resistance is seen around 108.70. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpydaily



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: April 17

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