USD/JPY Forecast March 10, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 March 2016 06:32 UTC
The USD/JPY pair initially fell during the day on Wednesday but turned back around to form a bit of a supportive candle as the 112 level continues offer support. Ultimately, the market should grind its way towards the 114.50 level, which of course was resistance previously. The 115 level above there is the level that we need to clear in order to buy for any real length of time. However, it is a fairly decent suggestion that we could go higher from here but it is more than likely going to be a short-term move at best.



Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.