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USDJPY Daily Forecast: December 07

USDJPY Daily Forecast: December 07
Friday, December 7th, 2018 @ 4:36 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 112.23 but closed higher at 112.65 and hit 112.84 earlier today after bounced-off my “buy zone” as you can see on my daily chart below. The bias is neutral in nearest term probably with a little bullish bias testing 113.15 region. On the downside, 112.50 – 112.00 region remains a key support and good place to buy with a tight stop loss below 111.50 as a clear break below that area would invalidate the major bullish trend. Fundamental focus today will be on the US NFP number.

usdjpydaily

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