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USDJPY Daily Forecast: March 29

Tuesday, March 28, 2017 18:17
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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.17 but whipsawed to the upside and closed higher at 111.13. The “hammer” formation I showed you yesterday gave us a valid warning of a bullish pullback. The bias is bullish in nearest term especially if price able to make a clear break above 111.30 testing 112.00 or higher. On the downside, key support remains at 110.10. A clear break below that area would cancel the “hammer” bullish reversal scenario.



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