USDJPY Daily Forecast: September 08 2016

USDJPY Daily Forecast: September 08 2016

8 September 2016, 06:15
Roberto Jacobs
0
108

USDJPY Daily Forecast: September 08 2016

USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 101.20 but closed higher at 101.72. 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 remains around 102.00. A clear break above that area could lead price to neutral zone in nearest term testing 102.50 which is a good place to sell with a tight stop loss.

usdjpy1.jpeg


logo_fxopen.png

Share it with friends: