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| USD/JPY Daily Forecast
Thu, August 07 2014 | Dear Fellow Trader,
Setyo Wibowo 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. Enjoy!
| The USDJPY attempted to push lower yesterday, bottomed at 101.77 but traded a little bit higher ealier today hit 102.20. The bias is bearish in nearest term testing 101.50 but key support remains around 100.80. Immediate resistance is seen around 102.30. A clear break above that area could lead price to neutral zone in nearest term testing 102.70 - 103.00 area. My major technical outlook remains neutral. Please click here to see the chart. |
| | 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! | | | | | | | |