USDJPY Forecast

The USDJPY attempted to push lower yesterday, hit 75.72 but closed higher at 76.11. The bias is neutral in nearest term but as long as price stays below 76.21 my overall intraday bias remains more to the downside, testing 75.00. On the upside, another movement and daily close back above 76.21 would keep price in the range area.

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

.