USDJPY Daily Forecast: December 11
USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 112.24 but whipsawed to the upside and closed higher at 113.32 after bounced-off my “buy zone” as you can see on my daily chart below. The bias is bullish in nearest term testing 113.65 – 114.20 region. Immediate support is seen around 112.75 area. A clear break below that area could lead price to neutral zone in nearest term retesting 112.50 – 112.00 key support area which remains a good place to buy with a tight stop loss below 111.50 (EMA 200) as a clear break and daily close below 111.50 would invalidate the major bullish trend.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-december-11-5
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