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USDJPY Daily Forecast: July 06

Premium Market Reports by FXTechStrategy

USDJPY Daily Forecast: July 06
Monday, July 6th, 2009 @ 12:26 am by Setyo Wibowo

About 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 Daily Forecast

The USDJPY didn’t have significant movement on Friday, had only 43 pips movement indicating hesitation and indecisive market. I still prefer downside pressure for this week at least testing 94.50 area. On the upside, 96.70 resistance area remains important for this week. CCI in neutral area on both h4 and daily chart.

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