USDJPY Daily Forecast: September 17

USDJPY Forecast

The USDJPY was corrected higher on Friday, closed at 78.37. The bias is neutral in nearest term but as long as stays below 79.00/20 my overall intraday bias remains to the downside. Immediate support is seen around 78.00. A clear break back below that area would keep the bearish bias remains strong retesting 77.65/11 support area. I still prefer a bullish scenario due to a good risk-reward ratio after hit the record low at 75.56.

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

.