USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 124.77. The bias is bullish in nearest term testing 125.00. A clear break above that area could trigger further bullish pressure testing 125.85 area. Immediate support is seen around 124.45. A clear break below that area could lead price to neutral zone in nearest term testing 124.00. Potential daily range today remains between 124.00 – 125.00. Overall price is still moving above the EMA 200 on H1, H4 and daily chart suggests a valid bullish outlook.
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The USDJPY had a bullish momentum yesterday topped at 124.77. The bias is bullish in nearest term testing 125.00. A clear break above that area could trigger further bullish pressure testing 125.85 area. Immediate support is seen around 124.45. A clear break below that area could lead price to neutral zone in nearest term testing 124.00. Potential daily range today remains between 124.00 – 125.00. Overall price is still moving above the EMA 200 on H1, H4 and daily chart suggests a valid bullish outlook.
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USDJPY Daily Forecast: August 11
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