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USDJPY Daily Forecast: October 08
Monday, October 8, 2012 5:56
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USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 78.86. The bias remains bullish in nearest term testing 79.00/50 area. Immediate support is seen around 78.25/00. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.
2012-10-08 05:46:09
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-october-08-2
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