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USDJPY Daily Forecast: February 28

USDJPY Daily Forecast: February 28
Thursday, February 28th, 2013 @ 8:13 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 another indecisive movement yesterday. The bias remains neutral in nearest term. I still prefer a bullish scenario but need a clear break and daily close above 92.70 – 93.00 to keep the bullish scenario remains strong testing 94.00 – 95.00 area or higher. Immediate support is seen around 91.90. A clear break below that area could trigger further bearish pressure testing 91.50/00.


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