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USDJPY Daily Forecast: March 03

Friday, March 3, 2017 0:59
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(Before It's News)

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 114.59. The bias remains bullish in nearest term testing 115.00 – 115.60 area which is a good place to sell with a tight stop loss. Immediate support is seen around 114.00. A clear break below that area could lead price to neutral zone in nearest term testing 113.50 or lower. As long as stay below 115.60 I still prefer a bearish scenario.

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Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-march-03-6

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  • Ahmed

    Trading on UJ can be extremely beneficial for us if we go with the trend, but just need to keep it tight with good money management, as only then we will be able to do well and able to achieve better results. I do it all well and confidently with broker like OctaFX, as they have low spreads from 0.1 pips to high leverage up to 1.500 while we can also use swap free account that can be handy with not having to worry about paying overnight charges.

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