Sponsors

USD/JPY Forecast March 16, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 March 2016 06:42 UTC
The USD/JPY pair fell during the course of the day on Tuesday, but found enough support below the 113 level to turn things back around and form a hammer. This simply means that we’re going to continue to consolidate overall, and that the market will more than likely try to get back to the 114.50 level. It’s not until we get above the 115 level that we would be comfortable buying, so having said that short-term traders will probably be interested in this pair going forward, looking for a small move higher.

 

usdjpy

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.

Sponsors

Subscribe to Newsletter

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