USDJPY Forecast

The USDJPY continued its bullish momentum yesterday, topped at 83.90 and closed at 83.71. The bias is bullish in nearest term still targeting 84.40 before testing 86.00 this week. On h4 chart below we can see after made a false breakdown below the triangle, price has been moving in a nice bullish movement by making higher support levels. Immediate support at 83.66. Break below that area could lead us to neutral zone in nearest term testing 83.05.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.