USD/JPY Mid-Day Outlook

Intraday bias in USD/JPY remains on the downside. Current decline from 85.51 is still in progress and should target 100% projection of 85.51 to 79.56 from 82.22 at 76.27 and then 75.98 low. On the upside, break of 79.33 is needed to signal short term bottoming. Or we’ll stay cautiously bearish even in case of recovery.

Tagged with: currency forecast • forex market outlook • Forex Signal • fx trading signal

Filed under: Action Forex Market Outlook

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