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USDJPY Daily Forecast: January 21

USDJPY Daily Forecast: January 21
Friday, January 21st, 2011 @ 5:31 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 had a significant bullish momentum yesterday after failed to break below 81.80 support area, topped at 83.11 and closed at 82.97. On h4 chart below we can see the bearish channel has been violated to the upside indicates bearish failure and potential bullish scenario targeting 84.40. Immediate support at 82.70. Break below that area could lead us to neutral zone in nearest term testing 82.33 support area.

One Response to “USDJPY Daily Forecast: January 21”

  1. […] This post was mentioned on Twitter by FX Instructor, maihero. maihero said: USDJPY Daily Forecast: January 21: USDJPY Forecast The USDJPY had a significant bullish momentum yesterday after… […]

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