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USDJPY Daily Forecast: March 20
Sunday, March 19, 2017 19:45
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USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 112.56. The bias is bearish in nearest term testing 111.50/30 region which is a good place to buy with a tight stop loss. Immediate resistance is seen around 113.00. A clear break above that area could lead price to neutral zone in nearest term testing 113.50. On the downside, a clear break and daily close below 111.50/30 would reactivate my bearish mode as a part of the double top bearish scenario (118.60) as you can see on my daily chart below.
Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-march-20-5
