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| USD/JPY Daily Forecast
Wed, August 20 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 had a bullish momentum yesterday and hit 102.98 earlier today. The bias is bullish in nearest term testing 103.00 - 103.75 area. Immediate support is seen around 102.70. A clear break below that area could lead price to neutral zone in nearest term testing 102.30. 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! | | | | | | | |