USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. There are no changes in my daily technical outlook. Potential daily range remains between 79.55 – 78.24 but I still prefer a bearish scenario at this phase as long as price moves below 79.55. On the downside, we need a clear break below 78.24 to continue the bearish scenario testing 76.21.

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