USDJPY Daily Forecast: June 23

By IBTimes Staff Reporter | June 22 2010 10:02 PM

USDJPY Forecast

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The USDJPY had a bearish momentum yesterday. Beside the big symmetrical triangle, as you can see on my h4 chart below we also have a descending triangle indicating potential bearish view especially if price able to move consistently below the triangle targeting 89.00 region. Immediate reistance at 91.00 – 91.20 area. Break above that area could lead us back into no trading zone as direction would become unclear.

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