USDJPY Forecast

The USDJPY had a moderate bearish momentum yesterday, but overall there are no changes in my technical outlook where price remains in a consolidation phase, moving in a range area of 76.21 – 77.80 for more than four weeks now. The best intraday strategy remains to short around 77.80 or long around 76.21/00 with tight stop loss.

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

.