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USDJPY Daily Forecast: May 02
Wednesday, May 1, 2013 23:09
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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish correction bias. There are no changes in my technical outlook. 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 97.50. 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 after bounced from 99.90 key resistance.
2013-05-01 23:01:17
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-02-3
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