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USDJPY Daily Forecast: February 08

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02/07/2010 07:30

USDJPY Forecast:
The USDJPY was corrected higher on Friday, topped at 89.87 but closed lower at 89.37. The bias is neutral in nearest term but overall I still prefer a bearish scenario with technical target around 86.60 area this week after the trendline support (red) was violated on Thursday (Feb 04). Immediate resistance at 90.00 area. Initial support at� 88.50.

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History

02/07/2010
USDCHF Daily Forecast: February 08
02/06/2010
EUR/USD Weekly Review 01 Feb 10 – 05 Feb 10
02/05/2010
EURUSD Weekly Summary: Euro remains under pressure, Hammer candlestick might give technical support next week
02/05/2010
EUR/USD Daily Review 05 Feb 10
02/04/2010
EURUSD Daily Forecast: February 05
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