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USD/JPY Forecast April 27, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Apr 27, 2016, 05:20 UTC

The USD/JPY pair initially fell during the course of the session on Tuesday but turn right back around to form a significantly bullish candle. That being

USD/JPY Forecast April 27, 2016, Technical Analysis

The USD/JPY pair initially fell during the course of the session on Tuesday but turn right back around to form a significantly bullish candle. That being the case, the market looks as if it is going to continue to grind higher. However, I recognize that there is a lot of noise all the way to the 114 handle, so this could be a situation where we buy on dips and that’s about it. This is probably going to be several short-term buying opportunities, and volatility will most certainly become part of the norm in this marketplace.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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