USDJPY Daily Forecast: May 11 2016

USDJPY Daily Forecast: May 11 2016

11 May 2016, 06:32
Roberto Jacobs
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USDJPY Daily Forecast: May 11 2016

USDJPY Forecast

The USDJPY continued its bullish momentum yesterday topped at 109.34. The bias remains bullish in nearest term testing 110.00 – 110.65 area. Immediate support is seen around 108.60. 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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