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USDJPY Daily Forecast: March 27

Sunday, March 26, 2017 19:03
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(Before It's News)

USDJPY Forecast
The USDJPY continued its bearish momentum last week slipped below 111.30 and daily EMA 200 key support as you can see on my daily chart below suggests a bearish outlook and hit 110.25 earlier today in Asian session. The bias remains bearish in nearest term testing 109.80. Immediate resistance is seen around 110.80. A clear break above that area could lead price to neutral zone in nearest term testing 111.30 which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.80 would expose 108.50/00 region. I am bearish on this pair.



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