USDJPY Daily Forecast: March 12

By swibowo
11 March 2010 @ 10:13 pm EDT

USDJPY Forecast:

The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. The bullish correction scenario testing 91.50 remains intact but the major trend should remains bearish as long as price stay below the major trendline resistance. On h4 chart below we have a rising wedge formation indicating potential downside scenario especially if price violate the lower line, targeting 89.50 area.

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