USDJPY Daily Forecast: December 05

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By swibowo | December 5, 2013 6:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term, probably with a little bearish bias testing 101.60. Immediate resistance is seen around 102.50. A clear break above that area could trigger further bullish pressure testing 102.80 – 103.35. Overall, I still prefer a bullish scenario at this phase but need a clear break above 103.35 to continue the bullish scenario testing 103.75 or higher.

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