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USDJPY Daily Forecast: May 10
Thursday, May 9, 2013 23:12
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USDJPY Forecast
The USDJPY had a significant bullish momentum yesterday broke above 99.90 and hit 101.18 earlier today. The breakout reactivates my bullish mode. The bias is bullish in nearest term testing 101.50 – 102.00 area. Immediate support is seen around 100.50. A clear break below that area could lead price to neutral zone in nearest term testing 100.00 – 99.90 but any downside pullback now is normal and should be seen as a good opportunity to buy.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-10-4
