USDJPY and AUDJPY Weekly Techncial Outlook Video

Forex Techncial Analysis & Outlook Video for USDJPY and AUDJPY

This week we are going to be looking at two Yen markets.  USDJPY and AUDJPY

On USDJPY

image of USDJPY forex pair flagsPrice is in a range going back and forth from $114 and $109 in general.  Price is at a daily demand zone at $111.80 down to $110.94.  I believe price will bounce here and move back up into $114 overall.  The supply zone at $114 is weak so I believe that if it gets hit again then I think we will price move right through it.  This week, I think price will move from the demand zone back up to supply again.  However,  If price can break the daily demand zone at $110.94 this week then I think price will retest demand at $109.50 down to $108.18.

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