USDJPY Forecast:

The USDJPY continued its bearish momentum yesterday, bottomed at 89.73 and closed at 89.79 after break below the descending triangle, confirms the bearish scenario targeting 89.00 even 88.23 area in nearest term. Immediate resistance 90.00/50 region. Break above that area could lead us into no trading zone in nearest term but I still prefer a bearish scenario at this phase.

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

.