USDJPY Forecast:

The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. However, as you can see on h4 chart below, price is now moving in a new bearish channel after violated the bullish channel indicating potential bearish view at least testing 90.50 region before targeting 89.00 area. On the upside, consistent move above 91.80 region could trigger further upside pressure testing 93.00 area.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.