USDJPY Daily Forecast: January 19

By IBTimes Staff Reporter | January 18 2010 9:37 PM

USDJPY Forecast:

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The USDJPY didn’t make significant movement yesterday. We have nothing significant technically so I still prefer a bearish scenario towards 90.15. Break below that area should trigger further bearish scenario targeting 88.80 area. Immediate resistance at 91.30 followed by 91.85. Only break above 91.85 could be seen as bearish failure and trigger further bullish momentum towards 93.75 area.

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