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USDJPY Daily Forecast: January 10

USDJPY Daily Forecast: January 10
Thursday, January 10th, 2019 @ 4:20 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 yesterday bottomed at 107.97 and hit 107.84 earlier today in Asian session. The bias is bearish in nearest term testing 107.60 support area. A clear break below that area could trigger further bearish pressure testing 107.00 region. Immediate resistance is seen around 108.50 area. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish pin bar scenario remains strong targeting 110.00 area which remains a good place to sell.

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