USDJPY Forecast:

The USDJPY was indecisive yesterday. The bias is neutral in nearest term. The major bullish scenario remains intact but price has a problem to consistently move above 94.70 key level. I think we need a break above 95.10 area to continue the bullish scenario testing 95.50 and 96.70 this week. Immediate support at 94.31 (yesterday’s low). Break below that area could trigger further bearish momentum testing 94.00 region.

Related Posts:

  • USDJPY Daily Forecast: April 02
  • USDJPY Daily Forecast: March 23
  • USDJPY Daily Forecast: December 31
  • USDJPY Daily Forecast: March 11
  • USDJPY Daily Forecast: January 06
  • ©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

    .