USDJPY Daily Forecast: February 08

By @ibtimes on

USDJPY Forecast:

The USDJPY was corrected higher on Friday, topped at 89.87 but closed lower at 89.37. The bias is neutral in nearest term but overall I still prefer a bearish scenario with technical target around 86.60 area this week after the trendline support (red) was violated on Thursday (Feb 04). Immediate resistance at 90.00 area. Initial support at  88.50.

Join the Discussion