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USDJPY Daily Forecast: February 12

USDJPY Daily Forecast: February 12
Tuesday, February 12th, 2019 @ 7:29 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 significant bullish momentum yesterday, broke above 110.00 and hit 110.64 earlier today in Asian session. The bias is bullish in nearest term testing the daily EMA 200 located around 111.00 area as a part of the bullish pin bar scenario. Immediate support is seen around 110.00 area. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.


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