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USDJPY Daily Forecast: May 07
Monday, May 6, 2013 21:42
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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term retesting 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 98.82 (current low). A clear break below that area could lead price to neutral zone in nearest term testing 98.30. Aggressive intraday traders may sell around 99.90 with a tight stop loss.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-07-3
