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USDJPY Daily Forecast: April 27

USDJPY Daily Forecast: April 27
Thursday, April 27th, 2017 @ 12:05 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 attempted to push higher yesterday topped at 111.77 but whipsawed to the downside and closed lower at 111.04. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above the trend line resistance targeting 112.20 area. Immediate support is seen around 110.85. A clear break below that area could trigger further bearish pressure testing 110.10 region. Immediate resistance is seen around 111.77. A clear break above that area could trigger further bullish pressure testing 112.20 region.

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