USDJPY Daily Forecast: December 22

By IBTimes Staff Reporter | December 21 2009 8:12 PM

USDJPY Forecast:

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The USDJPY continue its bullish momentum yesterday, topped at 91.22 and closed at 91.15. On my h4 chart below we can see that price is convincingly move above 90.70/80 area indicating potential further bullishness targeting 92.32 area. Immediate support at 90.70/80 area. Break below that area should be seen as a false breakout and could trigger significant bearish momentum.

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