USDJPY Daily Forecast: January 08

By IBTimes Staff Reporter | January 07 2010 8:41 PM

USDJPY Forecast:

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The USDJPY made a significant bullish momentum, by slipped above the trendline resistance, as you can see in my daily chart below. This fact should be seen as potential further bullish momentum targeting 94.50 in nearest term. Immediate support at 93.00. Break below that area should lead us into no trading zone area and could be seen as a false breakout which could trigger bearish pressure testing 92.00 area.

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