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USDJPY Daily Forecast: January 12
Sunday, January 11, 2015 21:09
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USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 118.04. The bias is bearish in nearest term especially if price able to make a clear break below 118.00 testing 117.25 – 117.00 region. Immediate resistance is seen around 118.80 – 119.00. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-january-12-4
