USDJPY, XAUUSD Spot Gold

Daily Forecast – 28th March 2013 USDJPY USDJPY has broken the 4 month up trend line today at 94.60 today and this should start to put the pair under pressure. We look for a test of the first support at 93.95 then below here we expect a test of recent lows at 93.57/53. Failure here could lead to a test of short term Fibonacci support at 93.27 which could hold losses at this stage but longs do need a stop below last week’s low at 93.17 and perhaps reverse in to shorts looking for 92.94 then

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USDJPY, XAUUSD Spot Gold

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