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USDJPY Daily Forecast: March 14

USDJPY Daily Forecast: March 14
Thursday, March 14th, 2019 @ 5:11 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDJPY Forecast
The USDJPY was indecisive yesterday. Price attempted to push lower, bottomed at 111.00 but closed higher at 111.26 and hit 111.62 earlier today in Asian session. The bias is bullish in nearest term testing 112.00. A clear break and daily close above that area would expose 113.15 area. On the downside, 111.00 remains a key support and good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish scenario.


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