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USDJPY Daily Forecast: May 06
Sunday, May 5, 2013 21:49
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USDJPY Forecast
The USDJPY failed to continue its bearish correction last week topped at 99.26. The bias is bullish in nearest term testing 99.90 key resistance area which needs to be clearly broken to the upside to continue the major bullish scenario. Immediate support is seen around 98.90. A clear break below that area could lead price to neutral zone in nearest term testing 98.30.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-06-3
