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USDJPY Daily Forecast: March 17

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03/16/2010 07:34

USDJPY Forecast:
The USDJPY still indecisive yesterday. The bias is neutral in nearest term but as you can see on my h4 chart below, after violated the bullish channel price is now moving in a bearish channel indicating potential bearish view testing 89.50 area. A violation to the bearish channel could trigger further bullish momentum towards 91.50 and re-testing the major trendine resistance (blue), take us to critical technical phase with potential bullish reversal scenario.

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History

03/16/2010
USDCHF Daily Forecast: March 17
03/16/2010
EUR/USD Daily Review 16 March 10
03/15/2010
EURUSD Daily Forecast: March 16
03/15/2010
Daily Forecast for Crosses: March 16
03/15/2010
GBPUSD Daily Forecast: March 16
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