The USDJPY was corrected lower yesterday, slipped below 77.50 but further bearish pressure was rejected and hit 77.95 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term still testing 78.27. Immediate support is seen around 77.50/35 followed by 77.00. Overall I still prefer to have a long term perspective seeing area above record low 75.56 as a buy zone expecting huge bullish reversal scenario.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.