USDJPY Forecast

The USDJPY continued its bearish momentum yesterday, broke below the trend line support as you can see on my h4 chart below and hit 81.28 earlier today in Asian session. The bias is bearish in nearest term testing 80.00 for the two remaining days of 2010. Immediate resistance at 81.66 (current high). Break above that area could lead us to neutral zone in nearest term but overall the pressure remains to the downside.

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

.