USDJPY Daily Forecast: March 28 2016

USDJPY Daily Forecast: March 28 2016

28 March 2016, 05:01
Roberto Jacobs
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USDJPY Daily Forecast: March 28 2016

USDJPY Forecast

The USDJPY had a bullish momentum last week after a failure to make a clear break below 110.96 as you can see on my daily chart below, topped at 113.32 and hit 113.55 earlier today. The bias remains bullish in nearest term testing 114.50, which is a good place to sell with a tight stop loss as a clear break and daily close above 114.50 could trigger further bullish scenario testing 116.00 or higher. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50/35 area.

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