USD/JPY Forecast March 22, 2017, Technical Analysis

The USD/JPY pair initially tried to rally on Tuesday but found enough resistance above the 112.50 level to turn things around and form a negative candle. By doing so, looks as if were going to test the 112 handle. That’s an area where I expect to see support, so I’m going to wait to see whether or not we can close below there before I would consider selling. Alternately, if we find some type of supportive candle, then I’m willing to buy as it is the bottom of the most recent consolidation area. - 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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