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USDJPY Daily Forecast: March 13
Sunday, March 12, 2017 17:45
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USDJPY Forecast
The USDJPY continued its bullish momentum last week topped at 115.50 but closed a little bit lower at 114.78. The bias is neutral in nearest term probably with a little bearish bias testing 114.35/00 support area. On the upside, 115.60 region remains a key resistance and good place to sell with a tight stop loss as a clear break and daily close above that area would expose 117.00 – 118.60 region.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-march-13-5
It will be interesting to see how the momentum works out, as the rate hike is ahead, it will be extremely important to trade with proper plan, as with such event it’s about one mistake that could cause huge trouble. I trade with OctaFX broker and under them, I can do it all fairly nicely especially with the conditions which counts for lowest possible spreads at 0.1 pip to high leverage up to 1.500 while there is also rebate scheme where I get 50% back on all trades even if it’s lost.