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USDJPY Daily Forecast: July 18

USDJPY Daily Forecast: July 18
Wednesday, July 18th, 2018 @ 4:02 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 continued its bullish momentum yesterday as I had expected, topped at 112.92 and hit 113.07 earlier today in Asian session. The bias is bullish in nearest term testing 113.70 – 114.00 area. Immediate support is seen around 112.65. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 111.40 I remain bullish and any downside pullback should be seen as a good opportunity to buy.

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