USD/JPY Forecast March 14, 2017, Technical Analysis

The USD/JPY pair went back and forth on Monday, showing signs of hesitation just below the 115 handle. On Friday, we formed a shooting star which is a negative sign, but if we were to break above the top of that candle, it would be a very bullish sign. Alternately, if we pull back I think that the 50-day exponential moving average, pictured in red on the chart, will be massively supportive and therefore I have no interest in selling, although it does look like we will more than likely find weakness. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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