Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

USDJPY Daily Forecast: August 26

USDJPY Forecast
The Usdjpy didn’t make significant movement yesterday. The bias remains neutral in nearest term. As you can see on my H1 chart below price has been moving sideways between 101.15 – 99.50 and need a clear break from the range area to see clearer direction. Overall I remain bearish. A clear break and daily/weekly close below 99.50 would expose 98.00 – 97.50 region next week. On the other hand, a clear break and daily/weekly close above 101.15 could trigger further bullish pullback testing 102.00 – 102.80 region.

usdjpyhourly



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

Share the post

USDJPY Daily Forecast: August 26

×

Subscribe to Fx Instructor Forex Blog - For Traders, By Traders

Get updates delivered right to your inbox!

Thank you for your subscription

×