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USDJPY Daily Forecast: May 03
Thursday, May 2, 2013 22:48
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USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday topped at 98.38. The bias is bullish in nearest term especially if price able to make a consistent move above 98.30 testing 99.00 – 99.90. Immediate support is seen around 97.80. A clear break below that area could lead price to neutral zone in nearest term testing 97.00 – 96.70 support area. My major technical outlook remains bullish but need a clear break above 99.90 to continue the bullish scenario. On the other hand, a clear break below 96.70 could trigger further bearish correction.
2013-05-02 22:46:07
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-03-3
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