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USDJPY Daily Forecast: July 30

USDJPY Daily Forecast: July 30
Monday, July 30th, 2018 @ 5:01 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 last week but overall still able to maintain its bearish phase following a failure to break above 113.00 level as you can see on my daily chart below. The bias is neutral in nearest term. The inside bar bearish scenario triggered by a move below 110.75 also remains valid and can only be invalidated by a move above 111.55, with nearest bearish target seen around 110.00 region.

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