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USDJPY Daily Forecast: August 31

USDJPY Daily Forecast: August 31
Wednesday, August 31st, 2016 @ 2:58 am by Setyo Wibowo

About Setyo Wibowo:

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 had a bullish momentum yesterday topped at 103.13 and hit 103.22 earlier today. The bias is bullish in nearest term testing 104.00. Immediate support is seen around 102.50. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 or lower. Overall I remain bearish.

usdjpyhourly

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