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USDJPY Daily Forecast: February 13

USDJPY Daily Forecast: February 13
Tuesday, February 13th, 2018 @ 6:31 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 but traded lower earlier today in Asian session hit 108.04. The bias is bearish in nearest term but note that 108.50 – 107.50 region remains a key support and good place to buy with a tight stop loss below 107.50. Immediate resistance is seen around 108.50. A clear break above that area could lead price to neutral zone in nearest term testing 109.00 area. Overall I remain neutral.

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