USDJPY Daily Forecast: May 20

By @ibtimes on

USDJPY Forecast

The USDJPY was volatile but indecisive yesterday, made a Doji on daily chart. Price slipped above 82.00 but closed lower and still unable to move consistently above 82.00 so far. However, as long as price moves above the trend line support and 80.85, my intraday bias remains to the upside testing 83.30 area especially if price able to move consistently above 82.00. Immediate support at 81.20. I don’t expect any movement below that area today, but a clear break below that support could trigger further bearish pullback testing 80.85.

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

.

Join the Discussion