USDJPY Daily Forecast: March 24 2016

USDJPY Daily Forecast: March 24 2016

24 March 2016, 05:19
Roberto Jacobs
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USDJPY Daily Forecast: March 24 2016

USDJPY Forecast

The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 113.00 – 113.50. Immediate support is seen around 112.15. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear but as long as stays above 110.96 I still prefer a bullish scenario and any downside pullback should be seen as a good opportunity to buy targeting 114.50 area.

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