USDJPY Daily Forecast: March 12

USDJPY Forecast
The USDJPY had a bullish momentum last week after another failure to break below 105.50 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 107.20/50 region. Immediate support is seen around 106.20 area. A clear break and daily close below that area would retest 105.50 region which is a good place to buy with a tight stop loss. On the upside, a clear break and daily close above 107.50 would expose 108.50 or higher. Overall I remain neutral.

Support hold: forex

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