USDJPY Daily Forecast: January 08

  • Rate this Story
  • 0
  • 0

By swibowo | January 8, 2014 6:21 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY regained its bullish momentum yesterday and hit 104.99 earlier today. The bias is bullish in nearest term especially if price able to make a clear break above 105.00 targeting 105.50 – 106.00 or higher. Immediate support is seen around 104.60. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and 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.