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USDJPY Daily Forecast: March 04
Tuesday, March 3, 2015 22:12
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USDJPY Forecast
The USDJPY had a bearish momentum yesterday and found a good support around 119.40 as you can see on my hourly chart below. The bias is bearish in nearest term especially if price able to make a clear break below 119.40 testing 119.00 – 118.50 area. Immediate resistance is seen around 119.80. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains strong testing 120.50.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-march-04-5
