Written by Bahagian Pentadbiran in
| USD/JPY Daily Forecast
Tue,April 19, 2011 | 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 bearish momentum yesterday after break below the descending triangle as you can see on my hourly chart below bottomed at 82.17 but was corrected higher and hit 82.67 earlier today in Asian session. The bias remains bearish in nearest term still testing 82.00. A clear break below 82.00 could trigger further bearish pressure testing 80.50. However, beware of potential intervention by the Japanese government and G7 countries to weaken the Yen. Please click here to see how I applied my technical studies to this pair on the hourly 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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