USDJPY Daily Forecast: May 10 2016

USDJPY Daily Forecast: May 10 2016

10 May 2016, 05:10
Roberto Jacobs
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USDJPY Daily Forecast: May 10 2016

USDJPY Forecast

The USDJPY had a bullish momentum yesterday topped at 108.60 and hit 108.82 earlier today. The bias is bullish in nearest term testing 109.00 area before targeting 110.65. Immediate support is seen around 108.25. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 107.60 price is still in a bullish correction phase.

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