USDJPY Forecast

The USDJPY had a significant bearish momentum on Friday, bottomed at 82.52 and closed at 82.53. The bias is bearish in nearest term especially if price able to make a clear break below 82.52 targeting 82.00 before testing the trend line support (red) and 81.50. Immediate resistance at 83.40. Break above that area should keep the medium bullish outlook intact re-testing 84.40 (triple top).

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.