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Candra Sugiarto
143
Candra Sugiarto 2016.03.14 06:39 
Federal Reserve meeting is another significant milestone next week. However, even that is more hawkish comments from Janet Yellen will be more negative prospects, as market sentiment will deteriorate affect USD / JPY.

Overall technical outlook for this pair still looks bearish. To change the price situation should rise above 115.00. The next resistance is located at 116.25 (55-day MA). Another bearish factor was the purchase yen from Japanese exporters ahead of the end of the Japanese fiscal year this month. More narrow range consolidation.

Support is at 112.50, 111.00 and 110.00.


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Stuart Browne
5606
Stuart Browne 2016.03.14 08:25  

Agreed, more bearish than bullish unless we see a significant move up. Would like to see a drop below 113 for continued downside, 116 as a break higher

Roberto Jacobs
45617
Roberto Jacobs 2016.03.14 10:51  
Stuart Browne:

Agreed, more bearish than bullish unless we see a significant move up. Would like to see a drop below 113 for continued downside, 116 as a break higher

On the Daily chart, the pair is breathing, then going up to 115 and above
Francis Dogbe
9426
Francis Dogbe 2016.03.14 22:34  
lets wait for the Fed to announce the rate then we make our call.
Dru64
24
Dru64 2016.03.14 22:39  
owhh
Candra Sugiarto
143
Candra Sugiarto 2016.03.15 05:23  

predictions will form the same pattern

usdjpy 1H

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