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USDJPY Daily Forecast: February 09

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02/08/2010 06:23

USDJPY Forecast:
The USDJPY didn�t make significant movement yesterday. On h4 chart below we have a triangle formation indicating consolidation. The bias remains neutral in nearest term but my bearish scenario targeting 86.60 area this week should remains intact. A breakout above the triangle should trigger further bullish momentum testing 90.00 area while a breakdown below the triangle should trigger further bearish momentum testing 88.50 area. As long as price stay below 90.00, I still prefer a bearish scenario.

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History

02/08/2010
USDCHF Daily Forecast: February 09
02/08/2010
EUR/USD Daily Review 08 Feb 10
02/07/2010
EURUSD Daily Forecast: February 08
02/07/2010
Daily Forecast for Crosses: February 08
02/07/2010
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