USDJPY Daily Forecast: January 09

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By swibowo | January 9, 2014 4:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term especially if price able to make a clear break above 105.00 testing 105.50 – 106.00 target area. Immediate support is seen around 104.70. A clear break below that area could lead price to neutral zone in nearest term testing 104.50 – 104.00 but any downside pullback now is normal and overall I remain bullish.

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