USDJPY Daily Forecast: March 21
USDJPY Forecast
The USDJPY had a bearish momentum yesterday, closed below 111.00 key support and hit 110.40 earlier today in Asian session. This fact invalidates the bullish outlook and my overall technical bias is neutral for this pair. However, the bias is bearish in nearest term testing 110.00. Immediate resistance is seen around 111.00. A clear break and daily close back above that area would give the bullish scenario another chance. On the downside, a clear break and daily close below 110.00 would expose 108.45 region.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-march-21-7
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