USDJPY Daily Forecast: March 25
USDJPY Forecast
The USDJPY had a strong bearish momentum last week bottomed at 109.73 after unable to break above 112.00 and fell back below the D1 EMA 200 as you can see on my daily chart below. This bullish failure invalidates the bullish scenario. My major technical outlook is neutral but short-term bias is bearish targeting 108.45 area. On the upside, we need a clear break back above 111.00 to give the bullish scenario another chance.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-march-25-4
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