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USDJPY Daily Forecast: February 05

USDJPY Daily Forecast: February 05
Tuesday, February 5th, 2019 @ 5:18 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 bullish momentum yesterday topped at 110.16. The bias is bullish in nearest term but note that 110.00 region remains a good place to sell. Immediate support is seen around 109.70. A clear break below that area could lead price to neutral zone in nearest term testing 109.40 area. On the upside, a clear break and daily close above 110.00 would resume the bullish pin bar scenario testing 111.25 region.


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