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USDJPY Daily Forecast: March 06
Thursday, March 5, 2015 21:17
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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 120.40 but traded lower around 120.00 at the time I wrote this comment. The bias is bullish in nearest term testing 120.50 – 121.00. Immediate support is seen around 119.90. A clear break below that area could lead price to neutral zone in nearest term testing 119.40 but as long as stays inside the bullish channel I still prefer a bullish scenario at this phase.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-march-06-3
