USDJPY Daily Forecast: January 07

  • Rate this Story
  • 0
  • 0

By swibowo | January 7, 2014 4:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY had a bearish momentum yesterday bottomed at 103.90 but traded higher earlier today hit 104.61. The bias is neutral in nearest term. Immediate resistance is seen around 104.61. A clear break above that area could trigger further bullish pressure testing 105.00 which need to be clearly broken to the upside to continue the major bullish scenario.  Immediate support is seen around 103.90 followed by 103.00. Overall I remain bullish.

  • 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.