USDJPY Daily Forecast: February 02

By IBTimes Staff Reporter | February 01 2010 10:00 PM

USDJPY Forecast:

Sponsorship Link

The USDJPY made a significant technical movement by convincingly stay above the bearish channel, as you can see on daily chart below, indicating bearish failure and a beginning of a bullish phase at least towards 91.85 area. The bias is bullish in nearest term. Immediate support at 90.50. Break below that area should lead us into no trading zone as direction would become unclear.

alt=

Euro Set For Another Week of Disappointing Data

Euro Set For Another Week of Disappointing Data

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

In Depth

Moore Tornado Meteorology: Not Unusually Strong, No Definitive Climate Change Link Yet

How Strong Was The Oklahoma Tornado, In Historical Terms?

Oklahoma Tornado 2013: Photos And Footage Of The Twister's Devastation [PICTURES, VIDEO]

Photos And Footage Of Oklahoma Twister's Devastation

Atheists Fight Gideon Bibles With Books By Christopher Hitchens And Richard Dawkins In Georgia State Parks

What Would Jesus Read? Atheists Fight Bibles With Hitchens In Georgia Book Battle

Tesla’s First-Ever Profit Came Thanks To Selling Zero Emission Credits To Competitors, But It Insists It’s Not Dependent On Bartering CO2 Offsets

Without Carbon Credits, Tesla Would Not Be Profitable (Yet)

web counter