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USDJPY Daily Forecast: April 30

USDJPY Daily Forecast: April 30
Wednesday, April 30th, 2014 @ 4:02 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 bearish momentum earlier today hit 102.31. The bias is neutral in nearest term probably with a little bearish bias testing 101.80 support area. Immediate resistance is seen around 102.70 – 103.00. A clear break above that area could trigger further bullish pressure testing 103.75. As long as stays above the trend line support, my overall technical outlook remains bullish.


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