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USDJPY Daily Forecast: September 12
USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 77.69. The bias remains bearish in nearest term especially if price able to make a clear break below 77.65 strong support area challenging the record low at 75.56. Immediate resistance is seen around 78.50. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close above 79.00/20 could interrupt the bearish intraday bias. I still prefer a bullish scenario at this phase due to a good risk – reward ratio after hit the historical/record low at 75.56.
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2012-09-12 01:13:00
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-september-12-2
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