USDJPY Daily Forecast: January 24

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By swibowo | January 24, 2013 9:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY regained its bullish momentum earlier today hit 89.63. The bias is bullish in nearest term testing 90.00. Immediate support is seen around 89.00 – 88.90. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 88.50/00 but any downside pullback now is normal and overall I remain bullish.

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