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USDJPY Daily Forecast: July 11

USDJPY Daily Forecast: July 11
Wednesday, July 11th, 2018 @ 4:03 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. Price attempted to push higher topped at 111.35 but closed a little bit lower at 111.00. The bias is neutral in nearest term probably with a little bullish bias testing 111.40 region but note that we have a key/major resistance around 112.00 region which is a good place to sell. Immediate support is seen around 110.75. A clear break below that area could trigger further bearish pressure testing 110.28 and the trend line support as you can see on my H1 chart below.

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