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USDJPY Daily Forecast: March 11
Tuesday, March 10, 2015 20:17
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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 122.01 but whipsawed to the downside and closed at 121.10. Price slipped below 121.00 support area earlier today but quickly recovered back above 121.00 as you can see on my hourly chart below. The bias is bullish in nearest term retesting 122.00 area. On the downside, a clear break and consistent movement below 121.00 could trigger further bearish correction challenging the lower line of the bullish channel.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-march-11-5
