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USDJPY Daily Forecast: September 13

USDJPY Daily Forecast: September 13
Wednesday, September 13th, 2017 @ 3:22 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 continued its bullish momentum yesterday topped at 110.25 and hit 110.29 earlier today in Asian session. The bias remains bullish in nearest term but as long as stay below 111.00 key resistance the H4 chart bias should remain bearish. Immediate support is seen around 109.85/50. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 support area. On the upside, a clear break and daily close above 111.00 would change the H4 chart bias to a neutral condition. Overall I remain neutral.

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