USDJPY Daily Forecast: April 04 2016

USDJPY Daily Forecast: April 04 2016

4 April 2016, 05:49
Roberto Jacobs
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USDJPY Daily Forecast: April 04 2016

USDJPY Forecast

The USDJPY had a bearish momentum last week bottomed at 111.58 and hit 111.31 earlier today. The bias is bearish in nearest term testing 110.96 key support which is a good place to buy with a tight stop loss. Immediate resistance is seen around 112.00. A clear break above that area could lead price to neutral zone in nearest term testing 112.50 area. Overall price is still trapped inside a range area as you can see on my daily chart below and need a clear break from that range area to see clearer direction.

usdjpy1


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