USDJPY Daily Forecast: January 06

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By swibowo | January 6, 2014 4:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY was indecisive last week. The major bullish outlook should remain valid and I still prefer a bullish scenario but the bias is neutral in nearest term. Immediate support is seen around 104.15 followed by 103.75/50. Immediate resistance is seen around 105.00 which need to be clearly broken to the upside to continue the major bullish scenario.

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