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USDJPY Daily Forecast: March 16

USDJPY Forecast
The Usdjpy had a bearish momentum yesterday bottomed at 113.16. The bias is bearish in nearest term testing 112.50 area. Immediate resistance is seen around 114.00. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 112.50 would expose 111.50/30 key support which is a good place to buy with a tight stop loss.

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This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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USDJPY Daily Forecast: March 16

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