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USDJPY Daily Forecast: February 13

USDJPY Daily Forecast: February 13
Wednesday, February 13th, 2013 @ 8:32 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday and hit 92.81 earlier today. The bias is neutral in nearest term. Immediate resistance is seen around 93.60. A clear break above that area could trigger further bullish pressure testing 94.00 or higher. Immediate support is seen around 92.81 (current low). A clear break below that area could trigger further bearish pressure testing 92.50/00 but any downside pullback now is normal and overall I remain bullish.

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