USDJPY Daily Forecast: January 08
By swibowo | January 8, 2014 6:21 PM EST
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.