USDJPY Daily Forecast: February 08

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By swibowo | February 8, 2013 7:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY had a bearish momentum earlier today hit 92.70. The bias is bearish in nearest term testing 92.50/00. Immediate resistance is seen around 93.30. A clear break above that area could lead price to neutral zone in nearest term testing 94.00. Overall I remain bullish and any downside pullback now should be seen as a normal correction.

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