USD/JPY NFP Preview: 111.30 is the POC zone

1 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The USD/JPY is bearish but it doesn’t mean anything as we have the NFP with all accompanying data today.

111.30-20 is the very important zone today due to a lot of confluence that has been spotted close to D H4 and the middle band. Rejections from 111.30 should target 110.45, 110.17 and eventually 109.71. A strong bounce above 111.30 will target 111.73 and 112.23. The strength of any move (bullish or bearish) will depend on the deviation from the forecasted result of the NFP data.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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