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 USDJPY Daily Forecast: June 02

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mary



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PostSubject: USDJPY Daily Forecast: June 02    Thu Jun 02, 2011 6:34 am

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USDJPY Daily Forecast: June 02
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USDJPY Forecast
The USDJPY
had a bearish momentum yesterday after break below the triangle
formation as you can see on my hourly chart below but bounced higher and
hit 81.31 earlier today in Asian session after made another rejection
to move consistently below 80.85 strong support area. The bias is
neutral in nearest term. Overall price has been moving indecisively
since Monday with no clear direction and consistent momentum. Aggressive
intraday traders can long around 80.85/70
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USDJPY Daily Forecast: June 02

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