USDJPY Daily Forecast: March 17 2016
USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 113.81 but whipsawed to the downside and closed lower at 112.53. The bias remains neutral in nearest term and the best strategy for me remains to buy around 112.50 or sell around 114.50 with a tight stop loss. The double bottom bullish scenario remains valid but a clear break and daily close below 112.50 could trigger further bearish pressure retesting 110.96 region.
