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USDJPY Daily Forecast: November 11

USDJPY Daily Forecast: November 11
Friday, November 11th, 2016 @ 3:29 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 had a bullish momentum yesterday topped at 106.94. The bias remains bullish in nearest term testing 107.50 but as you can see on my H4 chart below price is in my “sell zone” with a tight stop loss above 107.50. Immediate support is seen around 106.00. A clear break below that area could lead price to neutral zone in nearest term testing 105.50 or lower.

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