USDJPY Daily Forecast: September 25

By IBTimes Staff Reporter | September 24 2009 3:38 PM

USDJPY Forecast:

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The USDJPY attempted to push lower yesterday, bottomed at 90.35 but further downside pressure was rejected as the pair closed higher at 91.24. The 90.20 support area once again proved to be a good support level at this phase. My strategy remains the same, which is to which is to sell around 92.50 and to buy around 90.20 with tight stop loss (range trading) or to buy above 92.50 or to sell below 90.20 (breakout trading). I still prefer a bearish scenario.

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