27/03/2015 USDJPY eyes on 119.850 level


TECHNICAL DAILY OUTLOOK – EYES ON 119.850.
U.S. GROSS DOMESTIC PRODUCT (12:30 GMT) CAN IMPACT.

After yesterday’s important (but failed) bearish test on 118.50 support, current Weekly bar will try to close near the weekly open price (119.850) in confirmation of an overall bullish weekly setup.

USDJPY 27th of March – W1 USDJPY 27th of March – W1

USDJPY 27th of March – D1 USDJPY 27th of March – D1

Of course, there are still 40 chances over 100 to see price testing again 118.50 but, as it looks clear from the M30-H1 set up, it would be only another good reason for bouncing up and trying to regain the upper part of the descending channel (over the green line working in the middle of our bands).

USDJPY 27th of March – M30 USDJPY 27th of March – M30

Author: Simone Ambrogio

Disclaimer: AtoZ Forex would like to remind you that the data contained in this article is just the personal opinion of the author. AtoZ Forex or any author involved with AtoZ Forex will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within AtoZforex.com website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Share Your Opinion, Write a Comment