USD/JPY Daily Forecast

Thursday, July 15, 2010

The USDJPY attempted to push lower yesterday, but still unable to break below 88.00 area. The bias remains neutral in nearest term. The major trend remains bearish but need a consistent move below 88.00 to continue the bearish pressure at least testing 87.00. On the upside, we need a clear break above 89.15/50 area to continue bullish correction testing 90.50.

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