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USDJPY Forecast
The USDJPY attempted to push lower last week but still found a good support around 78.00 and traded around 78.50 at the time I wrote this comment. There are no changes in my technical outlook. Daily range to be closely watched remains between 78.00 – 79.00. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.
2012-10-15 00:24:29
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-october-15-3