USDJPY Forecast

The USDJPY was indecisive and didn’t make significant movement yesterday, made a Doji on daily chart. There are no changes in my daily technical view and I will keep stand aside for now. The bias is neutral both in nearest and medium term. Immediate support at the trend line support and 83.50. Clear break below that area could trigger further bearish pressure testing 83.10 and 82.80. Immediate resistance remains around 84.40 which need to be broken to the upside in order to see further bullish pressure testing 85.00/20 region.

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