USDJPY Daily Forecast: December 13

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By swibowo | December 13, 2013 2:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY regained its bullish momentum yesterday and hit 103.65 earlier today. The bias is bullish in nearest term testing 103.75 key resistance area. A clear break and daily/weekly close above that area could trigger further bullish scenario testing 104.35 – 104.85 area. Immediate support is seen around 103.00. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and overall I remain bullish.

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