USDJPY Daily Forecast: June 06 2016

USDJPY Daily Forecast: June 06 2016

6 June 2016, 06:24
Roberto Jacobs
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USDJPY Daily Forecast: June 06 2016

USDJPY Forecast
The USDJPY had a strong bearish momentum last week bottomed at 106.51. The bias is bearish in nearest term testing 106.00 – 105.50 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 107.70. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.

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