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USDJPY Daily Forecast: November 08

USDJPY Daily Forecast: November 08
Thursday, November 8th, 2018 @ 4:37 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. Price attempted to push lower bottomed at 112.94 but closed higher at 113.49. The bias remains neutral in nearest term probably with a little bullish bias testing 114.00 – 114.70 key resistance area. Immediate support is seen around 113.00. A clear break and daily close below that area would retest the trend line support and 112.00 support area which remains a good place to buy.


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