USDJPY Daily Forecast: March 08

By @ibtimes on

USDJPY Forecast

The USDJPY made another volatile but indecisive movement yesterday. The bias is neutral in nearest term but overall price is still in the “head and shoulders” bearish scenario, which is remains intact as long as price stays below the neckline with nearest downside target seen around 80.90. Immediate resistance at 82.50. A clear break above that area would trigger further upside pullback retesting 83.05 (neckline).

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

.

Join the Discussion