USD/JPY Forecast March 29, 2017, Technical Analysis

The USD/JPY pair initially fell during the session on Tuesday but found enough support below to turn things around again. It appears that the 50% Fibonacci retracement level is going to continue to offer a bit of dynamic support, and with this being the case if we can break back above the 200-exponential moving average, pictured in black on the chart, then I think the buyers may return. Alternately, if we break down below the 50% Fibonacci retracement level, we then will more than likely reach towards the 108 handle, which is near the 61.8% Fibonacci retracement.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com