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USDJPY Daily Forecast: March 12

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03/11/2010 07:13

USDJPY Forecast:
The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. The bullish correction scenario testing 91.50 remains intact but the major trend should remains bearish as long as price stay below the major trendline resistance. On h4 chart below we have a rising wedge formation indicating potential downside scenario especially if price violate the lower line, targeting 89.50 area.

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History

03/11/2010
USDCHF Daily Forecast: March 12
03/11/2010
EUR/USD Daily Review 11 March 10
03/10/2010
EURUSD Daily Forecast: March 11
03/10/2010
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03/10/2010
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