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USDJPY Daily Forecast: March 28

Monday, March 27, 2017 21:09
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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.10 but closed a little bit higher at 110.66. The bias is neutral in nearest term. Price is still in a strong bearish phase but we have a “hammer” candle formation as you can see on my daily chart below signals a potential bullish reversal especially if price able to make a clear break back above 111.30 key level. On the downside, a clear break and daily close below 110.10 would continue the bearish scenario targeting 108.50/00 area this week.



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