Daily Forecast – 31 May 2013 USDJPY USDJPY held resistance at 102.56 as expected where we advised to exit longs & try shorts. We then tested good support at 100.70 & held above 100.30 to ensure longs here were not stopped out. We have bounced now to 101.70 & could struggle here so worth profit taking on at least some longs, but if we continue higher look for resistance at 102.50 again. Exit remaining longs as this could hold the topside but above here look for the next resistance
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USDJPY, Kospi, Nikkei 225, Hang Seng, Topix, Hang Seng CE Index