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


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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