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USDJPY Daily Forecast: September 07

USDJPY Forecast
As expected, the Usdjpy continued its Bearish momentum yesterday bottomed at 101.93 and hit 101.20 earlier today. The bias remains bearish in nearest term testing 100.70 area as a part of the false break (above 104.00) bearish scenario. A clear break and daily close below 100.70 could trigger further bearish pressure retesting 99.50 region. Immediate resistance is seen around 102.00. 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.

usdjpyhourly



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: September 07

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