USDJPY Daily Forecast: June 01 - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

By swibowo | June 1, 2012 3:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY continued its bearish momentum yesterday, bottomed at 78.20 and closed at 78.54. The bias remains bearish in nearest term testing 77.70/50 area. A clear break and daily close below that area could continue the bearish scenario retesting the record low at 75.56. On the upside, only a clear break and daily close at least above 80.00 could interrupt the current strong bearish trend.

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

.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV
More



Most popular
  1. Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann
  2. British Pound / Yen - 24/05/2013 11:14 GMT
  3. GBPUSD Daily Forecast: May 24
  4. Euro / Australian dollar - 24/05/2013 06:13 GMT
  5. US Dollar / Swiss Franc - 24/05/2013 06:17 GMT
  6. Euro / Australian dollar - 24/05/2013 11:23 GMT
  7. Euro / British Pound - 24/05/2013 06:18 GMT
Forex Education
more
E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
AU
Economy
Companies
Tech
Global Markets
Education
TV
Real Estate
Forex
Commodities
Gold
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Tools & Features
Topics
Market Data
Stock Watch List
Financial Glossary
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
Services
FX Wire Pro
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy