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USDJPY Daily Forecast: February 27

USDJPY Daily Forecast: February 27
Wednesday, February 27th, 2013 @ 7:53 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 is neutral in nearest term. I still prefer a bullish scenario but price is still in consolidation phase with potential bearish correction testing 90.20. On the upside, we need a clear break and daily close at least back above 92.70 to keep the bullish scenario remains strong testing 94.00 – 95.00 area or higher.


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