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| USD/JPY Daily Forecast
Wed, October 29 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 failed to continue its bearish momentum yesterday and hit 108.22 earlier today. The bias is bullish in nearest term testing 108.70. A clear break and daily close above that area could trigger further bullish pressure testing 109.25 or higher. Immediate support is seen around 107.85. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 107.00 I still prefer a bullish scenario 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! | | | | | | | |