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USDJPY Daily Forecast: March 06
Monday, March 6, 2017 5:18
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USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 114.74 but closed a little bit lower at 114.07. The bias is neutral in nearest term. Immediate resistance is seen around 114.15. A clear break above that area could trigger further bullish pressure retesting 114.74 but key resistance which is a good place to sell remains at 115.00 – 115.60 area. Immediate support is seen around 113.50. A clear break below that area could trigger further bearish pressure testing 113.00 or lower. As long as stay below 115.60 I still prefer a bearish scenario at this phase.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-march-06-4
