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USDJPY Daily Forecast: October 12

USDJPY Daily Forecast: October 12
Thursday, October 12th, 2017 @ 1:00 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. There are no changes in my technical outlook. The bias remains neutral in nearest term but price is still in a bearish phase after printed a bearish pin bar at 113.20 key resistance as you can see on my daily chart below. Immediate support remains around 111.65. A clear break and daily close below that area would expose 111.00 – 110.65 area. Overall I remain neutral.


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