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USDJPY Daily Forecast: October 12
Friday, October 12, 2012 2:50
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USDJPY Forecast
The USDJPY had a bullish momentum yesterday after failed to make a clear break below 78.00 but overall still trapped in range area of 78.00 – 79.00. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.
2012-10-12 02:25:42
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-october-12-4
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