The USDJPY failed to continue its bullish momentum yesterday and hit 97.58 earlier today. The bias is neutral in nearest term. Immediate support is seen around 97.50. A clear break below that area could trigger further bearish pressure testing 97.00 or lower and keep the bearish phase since fell from 101.53 remains strong. Immediate resistance is seen around 98.25. A clear break above that area could lead price to neutral zone in nearest term . On the upside, key resistance remains around 99.50. A clear break above that area could be an early signal of a bullish scenario testing 100.00/80.
Most Popular Slideshows
- Top Ten Richest Americans [PHOTOS]
- Is Orlando Bloom’s Wife, Miranda Kerr Singing Love Songs for James Packer? [WATCH VIDEOS]
- 'Jelena' Romance: Selena Gomez Shares her Most Shocking Date with Justin Bieber Involving $3M- Diamond [PHOTOS/VIDEO]
- A Tribute To Great Actor Paul Walker: Best Quotes From 'Fast And Furious' Films [PHOTOS/ VIDEOS]