USDJPY Forecast:

The USDJPY finally had a significant momentum yesterday, break convincingly above the range area, even back above the major trendline support. Although from medium term perspective this pair is technically a mess, at least in nearest term the bias is more to the upside targeting 91.80 area. Immediate support at 90.50. Another movement below that area could lead us into no trading zone as direction would become unclear.

Related Posts:

  • USDJPY Daily Forecast: May 25
  • USDJPY Daily Forecast: March 30
  • USDJPY Daily Forecast: May 21
  • USDJPY Daily Forecast: May 24
  • USDJPY Daily Forecast: May 04
  • ©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

    .