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USDJPY Daily Forecast: October 11

USDJPY Daily Forecast: October 11
Thursday, October 11th, 2018 @ 4:23 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 bearish momentum yesterday bottomed at 112.24 and hit 111.97 earlier today in Asian session. The bias remains bearish in nearest term testing the trend line support located around 111.00 region which is a good place to buy with a tight stop loss as a clear break below the trend line support would invalidate the major bullish trend. Immediate resistance is seen around 112.50. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 region.

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