USDJPY Daily Forecast: December 11

  • Rate this Story
  • 0
  • 0

By swibowo | December 11, 2013 2:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY failed to continue its bullish momentum yesterday bottomed at 102.57. The bias is neutral in nearest term but overall I remain bullish with nearest target seen around 103.75. Immediate support is seen around 102.50. A clear break and daily close below that area could trigger further bearish correction testing 102.00 – 101.60. Immediate resistance is seen around 103.00. A clear break above that area could trigger further bullish pressure testing 103.35 – 103.75.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.