Written by Bahagian Pentadbiran in
| USD/JPY Daily Forecast
Wed, February 16, 2010 | Dear Fellow Trader,
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. | | The USDJPY continued its bullish momentum yesterday, topped at 83.90 and closed at 83.71. The bias is bullish in nearest term still targeting 84.40 before testing 86.00 this week. On h4 chart below we can see after made a false breakdown below the triangle, price has been moving in a nice bullish movement by making higher support levels. Immediate support at 83.66. Break below that area could lead us to neutral zone in nearest term testing 83.05. Please click here to see how I applied my technical studies to this pair on the 4 hour chart a few minutes ago. |
| I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog. Happy Trading! | | | Analyst Profile Living in East Java, Indonesia and holding an International Relations degree, Setyo Wibowo began his forex trading career in 2000 as a market analyst, while learning to trade forex independently on his own. to learn more about Setyo Wibowo. |
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