USDJPY Daily Forecast: March 19
USDJPY Forecast
The USDJPY was indecisive yesterday but traded lower earlier today in Asian session hit 111.15. The bias is bearish in nearest term testing 111.00 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish scenario testing 110.00 or lower. Immediate resistance is seen around 111.50. A clear break above that area could lead price to neutral zone in nearest term testing 112.00 region. Fundamental focus this week will be on the FOMC statement on Wednesday/Thursday.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-march-19-7
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