USDJPY Forecast

The USDJPY continued its bullish intraday bias yesterday but still unable to break above 81.80. There are no changes in my technical outlook. The bias remains bullish in nearest term. A clear break above 81.80 could trigger further bullish pressure testing 83.00 region. Immediate support is seen around 81.00 – 80.80. A clear break below that area could lead price to neutral zone in nearest term retesting 80.23 – 79.52 support area, which remains a good place to buy with a stop loss below 79.52.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.