USDJPY Daily Forecast: March 30 2016

USDJPY Daily Forecast: March 30 2016

30 March 2016, 06:02
Roberto Jacobs
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USDJPY Daily Forecast: March 30 2016

USDJPY Forecast

The USDJPY had a bearish momentum yesterday and hit 112.39 earlier today. The bias is bearish in nearest term testing 112.00 – 111.75 area. Immediate resistance is seen around 113.00. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 – 114.00 but key resistance remains around 114.50. Overall price is still trapped inside a range area between 114.50 – 110.96 as you can see on my daily chart below and the best plan is to sell around 114.50 or buy aroun 110.96 with a tight stop loss.

usdjpy1


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