USDJPY Daily Forecast: August 30

By IBTimes Staff Reporter | August 29 2010 10:21 PM

USDJPY Forecast:

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The USDJPY had a significant bullish momentum on Friday and keep moving higher earlier today in Asian session traded around 85.70 at the time I wrote this comment. The bias is bullish in nearest term but we need a clear break above the trendline resistance to continue the upside pressure testing 86.25 and 87.00. Immediate support at 85.33 (current low). Break below that area should keep the bearish scenario intact re-testing 84.82 region.

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