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USDJPY Daily Forecast: August 10

USDJPY Daily Forecast: August 10
Friday, August 10th, 2018 @ 4:13 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 indecisive yesterday. Price attempted to push lower slipped below 110.75 key support area but closed higher at 111.08. The bias is neutral in nearest term probably with a little bullish bias testing 111.55 region. On the downside, 110.75 remains a key support which need to be clearly broken to the downside to reactivate my bearish mode testing 110.00 area or lower. On the upside, a clear break and daily/weekly close above 111.55 would retest 112.00 – 113.00 area next week.

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