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USDJPY Daily Forecast: March 07

Monday, March 6, 2017 18:25
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(Before It's News)

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Overall I still prefer a bearish scenario but as you can see on my H4 chart below price has been moving sideways in a range area. Immediate support is seen around 113.50. A clear break and daily close below that area could trigger further bearish pressure testing 113.00 – 112.50 region. Immediate resistance is seen around 114.70 but key resistance remains at 115.60 which remains a good place to sell.

usdjpy4h



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-march-07-5

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