USDJPY Daily Forecast: May 27 2016
USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term and we need a clear break from the range area as you can see on my H1 chart below to see clearer direction. Buy around 109.10 or sell around 110.65 with a tight stop loss seems to be the most reasonable trading plan for now. A clear break and daily/weekly close below 109.10 could trigger further bearish pressure next week testing 108.00 or lower. On the other hand, a clear break and daily/weekly close above 110.65 could trigger further bullish pressure testing 111.90 region.
