Forex Techncial Analysis & Outlook Video for USDJPY and AUDJPY
This week we are going to be looking at two Yen markets. USDJPY and AUDJPY
Price 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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