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USDJPY Daily Forecast: May 08
Wednesday, May 8, 2013 0:11
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USDJPY Forecast
The USDJPY had another insignificant movement yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 98.30. Immediate resistance is seen around 99.20. A clear break above that area could trigger further bullish pressure testing 99.50 – 99.90 key resistance area which needs to be clearly broken to the upside to continue the major bullish scenario.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-08-2
