USDJPY Forecast

The USDJPY attempted to push lower yesterday, slipped below 76.21 but unable to maintain its bearish momentum, closed back above 76.21 and hit 76.95 earlier today in Asian session. This fact keeps price in range condition and there are no changes in my technical outlook until we have a clear break from the range area. The best intraday strategy remains to long around 76.21 or short around 77.80 with tight stop loss.

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

.