USDJPY Daily Forecast: October 05

USDJPY Forecast

The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far testing 79.00 or higher. Immediate support is seen around 78.00. A clear break below that area could trigger further bearish pressure testing 77.70. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.