USDJPY Forecast:

The USDJPY continue its bullish momentum yesterday, topped at 91.85 and closed at 91.81. The bias remains to the upside targeting 92.32 area. On my h4 chart below we can see that price had a nice bullish momentum after break above 90.80 area without significant bearish correction indicating strong bullish momentum. Immediate support at 91.50 area. Break above 92.32 area should trigger further bullish momentum at least towards 93.30 this week.

width=480px

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.