USDJPY Daily Forecast: December 20

  • Rate this Story
  • 0
  • 0

By swibowo | December 20, 2013 5:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY was indecisive yesterday but overall still able to maintain its bullish bias and hit another new high at 104.46 earlier today. The bias remains bullish in nearest term testing 105.00. Immediate support is seen around 104.05. A clear break below that area could lead price to neutral zone in nearest term testing 103.75/50 but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase.

  • 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.