Market Forecast 03-02-12

Dollar-Yen (USDJPY) should have a tradable top some time between Friday March 2nd, and Thursday March 8th, with either Tuesday the 6th or Thursday the 8th as historically the optimal days for a high, and a historically ideal buy back date of March 20th or 21st, but possibly as soon as March 15th, since we may be in a new bullish trend.

The last Yen forecast was almost perfect on timing, but the price of the currency pair didn't quite get as low as we originally thought it would. This still remains a great pattern to trade. For now, be looking out for a tradable short setup on USDJPY.

Please see the chart below of of the analysis on Dollar-Yen.

USDJPY Analysis for March 2nd - Forex Forecast

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