USDJPY Daily Forecast: December 04

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By swibowo | December 4, 2013 5:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY was volatile but indecisive yesterday. The bias is neutral in nearest term, probably with a little bearish bias testing 101.60, but overall I still prefer a bullish scenario at this phase. Immediate resistance is seen around 102.70. A clear break above that area could trigger further bullish pressure testing 103.35 – 103.75.

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