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USDJPY Daily Forecast: August 09

USDJPY Daily Forecast: August 09
Thursday, August 9th, 2018 @ 3:21 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 yesterday bottomed at 110.83 and slipped below 110.75 earlier today in Asian session. The bias is bearish in nearest term testing 110.00 area. Immediate resistance is seen around 111.00. A clear break above that area could lead price to neutral zone in nearest term testing 111.55 area or higher.

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