USDJPY Daily Forecast: March 29 2016

USDJPY Daily Forecast: March 29 2016

29 March 2016, 05:42
Roberto Jacobs
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USDJPY Daily Forecast: March 29 2016

USDJPY Forecast

The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias and still prints higher high and low on daily chart. The bias remains bullish in nearest term testing 114.50, which remains 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 remains 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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