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USDJPY Daily Forecast: February 11

USDJPY Daily Forecast: February 11
Monday, February 11th, 2019 @ 4:16 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 last week. The bias is neutral in nearest term. Immediate resistance is seen around 110.00 region which remains a good place to sell with a tight stop loss as a clear break above that area would test the D1 EMA 200 at 111.00 area as a part of the bullish pin bar scenario. Immediate support is seen around 109.65. A clear break below that area could trigger further bearish pressure testing 109.20/00 region.


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