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22.03.201804:58 Forex Analysis & Reviews: Daily analysis of USD/JPY for March 22, 2018

Long-term review

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USD/JPY

This is a weak market that cannot go seriously upwards. According to a bearish expectation on the market, some pullback is now in place. Some fundamental figures are expected today and they may have some impact on the market.

The EMA 11 has just crossed the EMA 56 to the downside, as the RSI period 14 has just crossed the level 50 to the downside. There is a slight Bearish Confirmation Pattern in the market, which would become stronger as the market goes further downwards. There are demand levels at 105.50 and 105.00. Likewise, there are supply levels at 106.00 and 106.50. Some fundamental figures are expected today and they may have impact on the markets.

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