Daily Forecast – 04 June 2013 USDJPY USDJPY edging towards a test of support at the April high of 99.95. We are oversold short term & getting quite oversold also on the daily chart so we could see a bounce from here. However on a break lower, we look likely to test the next support at 98.83 & a buying opportunity here this week. May be wise to exit shorts & try longs but we need stops below 98.50. Immediate resistance at 100.70/90 could hold the topside but above here we meet
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USDJPY, Kospi, Nikkei 225, Hang Seng CE Index, Hang Seng, FTSE China A50, Topix