USDJPY Forecast:

The USDJPY slipped above 90.50 yesterday but still unable to stay consistently above the range area (90.50 – 89.00). So we are still trapped in a boring market and need a break from the range area to see clearer direction. There is no significant momentum yet so direction is still unclear. Aggressive traders can short around 90.50 or long around 89.00 with a tight stop loss.

Related Posts:

  • USDJPY Daily Forecast: May 26
  • USDJPY Daily Forecast: March 23
  • USDJPY Daily Forecast: May 25
  • USDCHF Daily Forecast: May 27
  • USDJPY Daily Forecast: May 24
  • ©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

    .