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USDJPY Daily Forecast: July 17

USDJPY Daily Forecast: July 17
Monday, July 17th, 2017 @ 2:41 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 corrected lower last week, fell below 112.75 key support. This fact activates my neutral mode with a bearish short-term bias testing 111.45 (daily EMA 200). Immediate resistance is seen around 113.00. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 area which need to be clearly broken to the upside to give the bullish scenario another chance. On the downside, a clear break and daily close below 111.45 would expose 111.30/00 region.


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