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USDJPY Daily Forecast: March 23

Wednesday, March 22, 2017 18:33
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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 110.73 but closed higher at 111.15 and hit 111.54 earlier today in Asian session. As you can see on my H4 chart below, we have 2 pin bars (hammer) formed around 111.30 key support suggests a potential bullish pullback. The bias is bullish in nearest term testing 111.80 – 112.00. A clear break and daily close above that area would expose 113.00 region. Key support is seen around 110.73 (yesterday’s low). A clear break and daily close below that area would activate my bearish mode.



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