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USDJPY Daily Forecast: December 23

Premium Market Reports by FXTechStrategy

USDJPY Daily Forecast: December 23
Wednesday, December 23rd, 2009 @ 1:51 am by Setyo Wibowo

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDJPY Forecast:
The USDJPY continue its bullish momentum yesterday, topped at 91.85 and closed at 91.81. The bias remains to the upside targeting 92.32 area. On my h4 chart below we can see that price had a nice bullish momentum after break above 90.80 area without significant bearish correction indicating strong bullish momentum. Immediate support at 91.50 area. Break above 92.32 area should trigger further bullish momentum at least towards 93.30 this week.

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