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| USD/JPY Daily Forecast
Mon, November 17 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 last week topped at 116.81 and hit 117.04 earlier today but whipsawed to the downside and now struggling around 116.15 support area as you can see on my hourly chart below. The bias is bullish in nearest term retesting 117.04 before targeting 118.00. On the downside, a clear break and consistent movement below 116.15 could lead price to neutral zone in nearest term testing 115.50 - 115.00 area. Overall I remain bullish. 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! | | | | | | | |