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USDJPY Daily Forecast: May 14
Tuesday, May 14, 2013 0:35
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USDJPY Forecast
The USDJPY was corrected lower yesterday and hit 101.25 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 101.00 but any downside pullback now is normal and should be seen as an opportunity to buy. Immediate resistance is seen around 102.00 which needs to be clearly broken to the upside to continue the bullish scenario testing 102.50 – 103.00 area.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-may-14-3
