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USDJPY Daily Forecast: March 24

Thursday, March 23, 2017 17:41
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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias. The bias is bearish in nearest term testing 110.25/00 region. As you can see on my daily chart below, price slipped below 111.30 key support but still struggling around the daily EMA 200 located around 111.00.  So from a longer term daily chart perspective we may need to wait until price convincingly close below 111.30/00 to expect a deeper movement to the downside.  On the other hand, any sustained pullback above 111.30 could trigger further bullish pressure testing 111.80 or higher.



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