USDJPY Daily Forecast: December 18

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By swibowo | December 18, 2013 7:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY didn’t make significant movement yesterday.  There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support is seen around 102.50. A clear break and daily close below that area could trigger further bearish pressure testing 101.60. Immediate resistance is seen around 103.15. A clear break above that area could trigger further bullish pressure retesting 103.75. My overall technical outlook remains bullish.

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