Monday 7 March 2016

USD/JPY: Daily technical forecast for March 7

USD/JPY

The dollar marked a dynamic trading against the yen on Friday. Ultimately opening price is similar to that of the closing, respectively 113.66 and 113.95. In the early hours the bearish sentiment prevailed and so the pair hit bottom for the day at 113.12. Subsequently, the direction changed and so the difference between the highest and lowest value was 113 pips. If the positive momentum continues in the future, currencies will break through resistance at 114.56.



Support: 112.13; 110.95;

Resistance: 114.56; 115.18;

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