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USDJPY Daily Forecast: April 29

USDJPY Daily Forecast: April 29
Monday, April 29th, 2013 @ 6:54 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 was corrected lower last week and hit 97.34 earlier today after unable to break above 99.90 key resistance area. The bias remains bearish in nearest term testing 96.70. Immediate resistance is seen around 98.30. A clear break above that area could lead price to neutral zone in nearest term testing 99.00. My major technical outlook remains bullish but as long as stays below 99.90 we might see further bearish correction.


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