USDJPY Forecast

The USDJPY continued its bullish correction yesterday but still unable to break above 82.33 so far. The bias remains bullish in nearest term but need a clear break above 82.33 to continue the bullish correction, lead us to neutral medium bias testing 82.80 resistance area even higher. Immediate support at 81.70. Break below that area could lead us to neutral zone in nearest term and only a clear break below 81.30 would re-activated my bearish mode testing 80.00.

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