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USDJPY Daily Forecast: February 06

USDJPY Daily Forecast: February 06
Wednesday, February 6th, 2019 @ 4:26 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 didn’t make significant movement yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 109.50 region. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 – 108.50 area. On the upside, key resistance remains at 110.00 which is a good place to sell with a tight stop loss as a clear break above that area would expose 111.25 region.


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