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| USD/JPY Daily Forecast
Mon, August 18 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 didn't make significant movement last week. Overall price is still moving sideways without clear direction. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 102.00 - 102.70. A clear break below 102.00 could trigger further bearish pressure testing 101.50 area. A clear break above 102.70 could trigger further bullish pressure testing 103.00 - 103.75. Selling around 103.00 - 103.75 or buying around 100.80 with a tight stop loss is still the best strategy for me. 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! | | | | | | | |