USDJPY Forecast

The USDJPY continued its bullish bias yesterday, topped at 81.72 and hit 81.88 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 82.20. Immediate support is seen around 81.40/50. A clear break below that area could lead price to neutral zone in nearest term testing 81.00 but overall I still prefer a bullish intraday scenario at this phase as long as stays above 80.23 – 79.52 key support area.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.