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USDJPY Daily Forecast: January 13
Tuesday, January 13, 2015 3:50
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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 119.31 but whipsawed to the downside and closed lower at 118.32 and broke below 118.00 earlier today. The bias is bearish in nearest term testing 117.25 – 117.00. Immediate resistance is seen around 118.10. A clear break above that area could lead price to neutral zone in nearest term but could create a false breakout bullish scenario testing 118.50 – 119.00. My major technical outlook remains neutral.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-january-13-5
