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USDJPY Daily Forecast: March 01

Tuesday, February 28, 2017 20:10
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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 111.68 but whipsawed to the upside and closed higher at 112.75 and hit 113.37 earlier today in Asian session. The bias is bullish in nearest term testing 114.00. Immediate support is seen around 112.50. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 region. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.



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