USD/JPY Forecast March 15, 2017, Technical Analysis

The USD/JPY pair initially tried to rally during the session on Tuesday, but found the 115 level far too resistive yet again. If we can break down below the bottom of the shooting star, I think that we pull back to the 50-day exponential moving average. Ultimately, I think if we can break above the top of the shooting star from the Friday session, then we will go much higher, perhaps reaching towards the 118.50 level above. This is a longer-term uptrend, and I believe that the FOC Statement could be reason enough for this market to break out. - 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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