USDJPY Forecast

The USDJPY was corrected higher earlier today in Asian session and hit 81.68. The bias is neutral in nearest term but as long as price stays below 82.00 the overall intraday bias remains to the downside, still targeting 80.85 – 79.80 support area. A clear break above 82.00 could be a threat to the current bearish outlook testing 82.50/73 resistance area.

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

.