USDJPY Forecast

The USDJPY continued its bearish bias yesterday, bottomed at 78.85 and hit 78.70 earlier today. The bias is bearish in nearest term testing 78.27. Immediate resistance is seen around 79.15. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close above 80.00 could stop the current bearish outlook.


©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.