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USDJPY Daily Forecast: February 20

USDJPY Daily Forecast: February 20
Wednesday, February 20th, 2013 @ 6:40 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 bearish momentum earlier today hit 93.12. The bias is bearish in nearest term testing 92.50. Immediate resistance is seen around 93.50. A clear break above that area could lead price to neutral zone in nearest term. I still prefer a bullish scenario at this phase and any downside pullback is normal but need a clear break at least back above 94.00 to keep the bullish scenario remains strong testing 95.00.

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