USDJPY, Nikkei 225

Daily Forecast – 02 April 2013 USDJPY USDJPY has come under pressure as predicted at the end of last week. We have broken 93.57/53 to test short term Fibonacci support at 93.27 & we need now to watch for a break of the 2 week low at 93.17. Stops on any longs should then be triggered & we can perhaps reverse in to shorts looking for 92.94 then 92.64 on the way to 92.35/28 and then very strong support at 92.13/09. Here we look for a potential low for the week. It should be worth exiting

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USDJPY, Nikkei 225

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