USDJPY Daily Forecast: May 06 2016

USDJPY Daily Forecast: May 06 2016

6 May 2016, 04:48
Roberto Jacobs
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USDJPY Daily Forecast: May 06 2016

USDJPY Forecast

The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias. The bias is bullish in nearest term testing 107.60. A clear break and daily/weekly close above that area could trigger further bullish pullback testing 109.00 region next week. Immediate support is seen around 106.80. A clear break below that area could lead price to neutral zone in nearest term testing 106.25 region.

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