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USDJPY Daily Forecast: March 08

03/07/2012  11:29

USDJPY Forecast
The USDJPY regained its bullish momentum yesterday, topped at 81.35 and hit 81.38 earlier today. The bias is bullish in nearest term testing 82.20. Immediate support is seen around 80.80. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear but as long as stays above 80.23 – 79.52 support area I still prefer a bullish intraday scenario at this phase.

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