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USDJPY Daily Forecast: March 17

Thursday, March 16, 2017 18:01
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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 112.90 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 112.50 but key support remains at 111.30 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 113.50. A clear break above that area could trigger further bullish pressure testing 114.00 or higher.



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  • USD/JPY has been going mix as of now, it will be interesting to see how it will react next week, but just need to watch it all extremely closely to gain. I do it all perfectly with OctaFX broker since not only they provide me day to day market updates but also have low spreads at 0.1 pips for all major pairs while there are over 70 instruments. I also see that they also have rebate program which helps in working nicely for me.

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