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USDJPY Daily Forecast: May 19

USDJPY Daily Forecast: May 19
Monday, May 19th, 2014 @ 2:57 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. Price slipped below the trend line support as you can see on my daily chart below, but it’s not a convincing breakdown for me, not until we have a consistent movement below 101.30. The bias is bearish in nearest term challenging 101.30. Immediate resistance is seen around 101.80. A clear break above that area could lead price to neutral zone in nearest term testing 102.30/50.


2 Responses to “USDJPY Daily Forecast: May 19”

  1. Ali says:

    Good work.

  2. Denis says:

    Good job!

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