USDJPY Forecast

The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase expecting another upside attempt retesting 81.46 area even higher. On the downside, a clear break and daily close back below 79.52 would postpone the bullish scenario as intraday direction would become unclear.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.