USDJPY Daily Forecast: February 13

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By swibowo | February 13, 2013 8:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY failed to continue its bullish momentum yesterday and hit 92.81 earlier today. The bias is neutral in nearest term. Immediate resistance is seen around 93.60. A clear break above that area could trigger further bullish pressure testing 94.00 or higher. Immediate support is seen around 92.81 (current low). A clear break below that area could trigger further bearish pressure testing 92.50/00 but any downside pullback now is normal and overall I remain bullish.

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