InstaForex - Analytics

    InstaForex

    739.75 6.25/10
    62% of positive reviews
    Real

    Daily analysis of USD/JPY for March 31, 2016 2016-03-31

    USDJPYH4.png

    Show full picture

    Overview

    The USD/JPY pair settles near 112.00 level after the bearish rebound that appeared from 113.97 area. As long as the price is below this level, the correctional bearish track will remain valid and active for the upcoming period. Therefore, we believe the way is open to head towards our targets that begin at 110.00 and extend to 106.63, reminding you that breaching 113.97 will push the price to retest 116.14 level before any new attempt to decline.

    The expected trading range for today is between 111.00 support and 113.00 resistance.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree