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USDJPY Daily Forecast: February 09
Wednesday, February 8, 2017 15:50
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USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 111.63. The bias remains neutral in nearest term but overall I still prefer a bearish scenario at this phase with nearest target seen at 111.30. A clear break and daily close below that area would expose 110.20 area. Immediate resistance is seen around 112.50. A clear break and daily close above that area could trigger further bullish pullback testing 113.00 – 113.50 area but any upside pullback should be seen as a good opportunity to sell.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-february-09-6
