USDJPY Daily Forecast: September 10

USDJPY Forecast

The USDJPY had a strong bearish momentum on Friday after the US NFP number, failed to break above 79.00/20 key resistance area and hit 78.00. This fact keeps the bearish intraday bias remains intact testing 77.65 support area. Immediate resistance is seen around 78.50. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close above 79.00/20 could interrupt the bearish intraday bias. I still prefer a bullish scenario at this phase due to a good risk – reward ratio after hit the historical/record low at 75.56.

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