USDJPY Forecast

The USDJPY was indecisive last week, made a Doji on weekly chart. The bias is neutral in nearest term and overall there has been no significant technical development where price is still in a long period of consolidation, moving sideways since five months ago. I still prefer to have a long term perspective, seeing area above 75.56 as a buy zone expecting a bullish reversal scenario with a tight stop loss below 75.56.

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

.