USDJPY Daily Forecast: January 07
By swibowo | January 7, 2014 4:21 PM EST
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.