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USDJPY Daily Forecast: August 27
Monday, August 27, 2012 1:11
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USDJPY Forecast
The USDJPY had another indecisive movement on Friday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 77.65 strong support area. Immediate resistance remains around 79.00/20. A clear break back above that area will reactivate my bullish mode testing 80.00/50 area. I still prefer a bullish scenario at this phase due to a good risk – reward ratio near the historical low.
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2012-08-27 01:04:43
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-august-27-3
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