USD/JPY Forecast March 24, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 24 March 2016 06:13 UTC
The USD/JPY pair initially tried to rally during the day on Wednesday, but found enough resistance to turn things back around and form a shooting star. That being the case, looks as if we could very well drop from here. On the other hand though, if we break above the top of the shooting star, that’s a very bullish sign and should send this market looking for the 114.50 level above. Keep in mind that this pair tends to be sensitive to risk appetite globally, so pay attention the stock markets as they tend to move in the same direction.

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.