USDJPY Daily Forecast: January 05

 @ibtimes on January 04 2010 9:37 PM

USDJPY Forecast:

The USDJPY was corrected lower yesterday, bottomed at 92.18 and closed at 92.50. I think this is a normal correction and I still prefer a bullish scenario with technical target remains around 94.00/50 area. Only a movement below 91.90 area or violation to the bullish channel can be seen as serious threat to my bullish outlook and trigger further bearish momentum.

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