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USDJPY Daily Forecast: February 08

USDJPY Daily Forecast: February 08
Friday, February 8th, 2019 @ 3:44 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. The bias remains neutral in nearest term.  Immediate resistance remains around 110.00 which is a good place to sell. Immediate support is seen around 109.50. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 109.00 – 108.50 region. On the upside, a clear break and daily/weekly close above 110.00 would expose 111.25 region next week.


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