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USDJPY Daily Forecast: January 28

USDJPY Forecast
The Usdjpy was indecisive last week. The bias remains neutral in nearest term. Overall price is still in a bullish phase since printed a bullish pin bar as you can see on my daily chart below but the bullish momentum stalled at 110.00 region which remains a good place to sell. Immediate support is seen around 109.00. A clear break and daily close below that area could trigger further bearish pressure testing 108.35 area. On the upside, a clear break above 110.00 would target 111.25 area (D1 EMA 200).

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: January 28

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