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| USD/JPY Daily Forecast
Thu, August 14 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 continued its bullish momentum yesterday and hit 102.64 earlier today. The bias remains bullish in nearest term testing 103.00. Immediate support is seen around 102.30. A clear break back below that area could lead price to neutral zone in nearest term testing 101.70 area. My overall technical outlook remains neutral as price is still moving sideways without clear direction as you can see on my daily chart below and I think selling around 103.00 - 103.75 is a reasonable plan at this phase. 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! | | | | | | | |