24.03.2015 USD JPY

Forex Technical Analysis 24.03.2015 USD JPY

FXTM Online Analysis Department.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues forming a descending structure towards level of 118.95. Later, in our opinion, the market may return to level of 119.92 and then start forming a consolidation channel.

 If the market breaks this channel upwards, it may grow to reach level of 123.00; if downwards – continue falling towards level of 117.00.