USDJPY Daily Forecast: March 16 2016
USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.63 but closed higher at 113.11 and hit 113.55 earlier today. The bias remains neutral in nearest term. The double bottom bullish scenario remains valid but price has been moving sideways between 112.50 – 114.50 as you can see on my daily chart below. The best strategy for now is to sell around 114.50 or buy around 112.50 with a tight stop loss.
