USD/JPY Forecast September 18, 2012, Technical Analysis
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The USD/JPY pair rose during the session on Monday as the rally continued. We approached the 79 handle again, but failed at the end of the session to close above it. We do think that this market is being pushed quite a bit, and a break of the 79 handle would signal continuation much higher. In fact, we are bullish of the spare and have been for some time because of the Bank of Japan interfering in falling prices. We think that this market has much further to go after a pullback or two.
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Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
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