USDJPY Daily Forecast: April 01 2016

USDJPY Daily Forecast: April 01 2016

1 April 2016, 06:10
Roberto Jacobs
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USDJPY Daily Forecast: April 01 2016

USDJPY Forecast

The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 111.50 region. Immediate resistance remains around 112.80. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 area but key resistance is seen around 114.50 which remains a good place to sell. Overall price is still trapped inside a range area without a clear direction as you can see on my daily chart below.

usdjpy1


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