USD/JPY - daily technical Forecast

15 March 2010 @ 09:46 am EDT

USD/JPY closed lower on Friday as it consolidates some of the rally off last week's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes below the 10-day moving average crossing would signal that a short-term high has been posted.

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