USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 82.70 – 83.20 even 84.00 area. Immediate support remains around 82.10. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 81.00 I still prefer a bullish intraday scenario at this phase with buy on dips strategy. On the downside, only a clear break back below 80.23 – 79.52 support area could stop the current strong bullish outlook.

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