USD/JPY Forecast: Capped by 114.00, little changed

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 113.70 View Live Chart for the USD/JPY Capped by 114.00, little changed. The USD/JPY pair recovered most of its latest losses during the Asian session, but remains unable to advance beyond the 114.00 figure, in line with the long term dominant bearish trend. The pair has saw a downward knee-jerk towards 112.60 after the ECB, but it quickly bounced, suggesting bearish interest has become to decrease, but needs to be confirmed with further gains beyond the 114.60

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