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USDJPY Daily Forecast: July 17

USDJPY Daily Forecast: July 17
Tuesday, July 17th, 2018 @ 4:12 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. The bias is neutral in nearest term probably with a little bearish bias but only a clear break back below 111.40 would invalidate my bullish mode. Immediate resistance is seen around 112.60. A clear break above that area could trigger further bullish pressure testing 113.00 or higher. Immediate support is seen around 112.20. A clear break below that area could trigger further bearish pressure testing 111.40 support area.

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