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USDJPY Daily Forecast: April 16

USDJPY Daily Forecast: April 16
Tuesday, April 16th, 2019 @ 4:12 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 didn’t make significant movement yesterday. The bias remains bullish in nearest term but note that the bullish run is currently stalled at 112.00 area, which remains a good place to sell with a tight stop loss as a clear break above that area would expose 113.15 region or higher. Immediate support is seen around 111.80. A clear break below that area could lead price to neutral zone in nearest term testing 111.50/00 region or lower.


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