USDJPY Daily Forecast: April 25 2016

USDJPY Daily Forecast: April 25 2016

25 April 2016, 04:45
Roberto Jacobs
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USDJPY Daily Forecast: April 25 2016

USDJPY Forecast

The USDJPY had a strong bullish momentum last week broke above 110.96 and closed at 111.77. The bias is bullish in nearest term testing 112.50 area. Immediate support is seen around 110.96/65 area. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, a clear break and daily close above 112.50 could trigger further bullish scenario testing 115.00 this week.

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