USDJPY Daily Forecast: January 10

By @ibtimes on

USDJPY Forecast

The USDJPY made another indecisive movement on Friday, made another Doji on daily chart. There are no changes in my daily technical outlook. The bias remains neutral in nearest term but still with more upside bias after the false breakdown below the trend line support and strong break above 82.33 testing 84.40 key resistance area. Immediate support remains around 82.80 (short blue horizontal line). Break below that area could trigger further bearish pullback testing 82.33 support area.

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

.

Join the Discussion