USD/JPY Forecast March 24, 2014, Technical Analysis

The USD/JPY pair fell during the session on Friday, but stays above the 102 level to show signs of support. The uptrend line that is from the weekly timeframe on this chart suggests and that sooner or later we will find buyers to pushes market higher. We ultimately believe that the interest-rate differential will continue to widen between the United States and Japan, which should continue to push his pair higher over the longer term. We do not have a supportive candle to buy quite yet, but will not hesitate to start going long as soon as we get one.

 

USD/JPY Forecast March 24, 2014, Technical Analysis