USDJPY Daily Forecast: April 05 2016

USDJPY Daily Forecast: April 05 2016

5 April 2016, 06:00
Roberto Jacobs
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USDJPY Daily Forecast: April 05 2016

USDJPY Forecast

The USDJPY had a bearish momentum earlier today, slipped below 110.96 support level as you can see on my daily chart below. The bias is bearish in nearest term but now is a good time to buy with a tight stop loss as a clear break and daily close below 110.96/50 could trigger further bearish scenario testing 109.50 area or lower. Immediate resistance is seen around 111.35. A clear break above that area could lead price to neutral zone in nearest term testing 112.00 or higher.

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