USDJPY Daily Forecast: August 17
17 Aug, 2012 @ 02:30 am BST | By swibowo
The USDJPY continued its bullish momentum yesterday and slipped above 79.20 key resistance area. The bias remains bullish in nearest term testing 80.00/50 resistance area. Immediate support remains around 78.50. A failure to move consistently above 79.20 and a break back below 78.50 will keep the bearish scenario remains strong retesting 77.65 strong support area.
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