USDJPY: Broader Bias Remains Higher

by Admin

USDJPY – Outlook remains higher with eyes on the upside towards the 100.00 level followed by the 100.50 level. We may see a pullback from here but if broken, further upside could follow towards the 101.00 level and then the 101.50 level. Its daily RSI is bullish and pointing higher supporting this view. Support comes in at the 95.00 level where a violation will target the 94.00 level and then the 93.00 level. All in all, USDJPY remains biased to the upside medium term.