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USDJPY Daily Forecast: October 21

USDJPY Forecast
The Usdjpy had a bullish momentum yesterday topped at 104.10. As you can see on my H1 chart below price revisited the violated trend line support (now resistance). The bias is bullish in nearest term but 104.20 region remains a good place to sell. Immediate support is seen around 103.65. A clear break below that area could lead price to neutral zone in nearest term testing 103.15/00 region. Overall I remain bearish but we need a clear break and consistent movement at least below 103.50 to end the current bullish correction phase.

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: October 21

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