EURUSD , USDJPY OUTLOOK 29/03/2017

EURUSD just faced resistance of the descending trend line and resistance zone 1.0865-1,0950 where also below lies the 200ema. We should see sell strength coming within the next couple days towards the support trend line of the current channel. Major support is withing the zone 1.0530-1.0470.

USDJPY has been retracing the strong uptrend from November last year , hence a we are in a correction channel. Price is currently in a support zone 110.20- 111.60  where the channel’s support trend line and  200ema are located. We could be seeing bullish strength off the  50.0 fib level to go and test the resistance and trend line  and zone 114.60- 115.40. In the case support is broken price could push down to face support at 107,60

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