USDJPY Daily Forecast: July 28

By swibowo
27 July 2010 @ 11:17 pm EDT

USDJPY Forecast:

The USDJPY had a significant bullish momentum yesterday, break above my minor trendline resistance as you can see on my h1 chart below. The bias is bullish in nearest term targeting 88.23 area before testing 89.10. However note that the major scenario remains to the downside. Immediate support at 87.30 region. Break below that area could trigger further bearish pressure testing 86.82.

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