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USDJPY Daily Forecast: May 01
Tuesday, April 30, 2013 22:24
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USDJPY Forecast
The USDJPY continued its bearish correction yesterday and hit 97.04 earlier today. The bias remains bearish in nearest term challenging 96.70. A clear break and daily/weekly close below that area could trigger further bearish correction. Immediate resistance is seen around 97.65. A clear break above that area could lead price to neutral zone in nearest term testing 98.00/30 which needs to be clearly broken to the upside to interrupt the current bearish correction phase.
2013-04-30 22:16:15
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-01-2
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