The USD/JPY pair initially broke higher during the course of the session on Wednesday, and turned back around to form a bit of a shooting star. The
The USD/JPY pair initially broke higher during the course of the session on Wednesday, and turned back around to form a bit of a shooting star. The shooting star of course offers a bit of a negative attitude for this market, but quite frankly even if we break down from here we are willing to buy supportive candles below and that’s the only play that we see. On the other hand, if we break above the top of the shooting star we may eventually have enough pressure to reach towards the 125 handle finally.
USD/JPY Forecast November 26, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
