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USDJPY Daily Forecast: March 08

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03/07/2010 06:24

USDJPY Forecast:
The USDJPY had a significant bullish momentum on Friday, topped at 90.58 and closed at 90.34. This fact should trigger further bullish correction scenario targeting 91.50 and the major trendline resistance area but we need a consistent move above 90.50 area to continue the bullish correction scenario. However note that the major trend should remain bearish as long as price move below the major trendline resistance. Immediate support at 90.00 followed by 89.50.

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History

03/07/2010
USDCHF Daily Forecast: March 08
03/06/2010
EUR/USD Weekly Review 01 Mar – 05 Mar 10
03/05/2010
EURUSD Weekly Summary: Triple bottom at 61.8% Fibonacci retracement: Bullish reversal?
03/05/2010
EUR/USD Daily Review 05 March 10
03/04/2010
EURUSD Daily Forecast: March 05

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