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USD/JPY Forecast: Neutral above 113.50

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 113.65 View Live Chart for the USD/JPY Neutral above 113.50. The USD/JPY trades near a fresh daily high set at 113.78, holding above the 113.50 Fibonacci level, ever since breaking above it during the past Asian session. The pair however, trades mid-way within its last two-week range, with no clear directional strength. After bottoming around 111.00 the pair entered a consolidative stage, and while it trades over 200 pips above the lows, the upside is still seen limited,

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