Daily Technical Forecast: USDJPY (Mar 13)

USDJPY completed a bearish shooting star candle at the key resistance around 115.00. Bearish attempts are likely over the near term. Where the first short term support could be at the 50-days simple moving average.

Short term scenarios:
Bearish, targeting 113.70 and 112.70, as long as below 115.50.

Short term key support and resistance
114.00 113.60 113.00
115.00 115.50 116.00