USDJPY Daily Forecast: August 13
USDJPY Forecast
The USDJPY had another indecisive movement yesterday but fell convincingly below 110.75 support area hit 110.13 earlier today in Asian session. This fact activates my bearish mode. The bias is bearish in nearest term testing 110.00. A clear break and daily close below that area would expose 109.00 area. Immediate resistance is seen around 110.75. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-august-13-7
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