The USD/JPY pair went back and forth during the course of the session on Friday, ultimately settling on a neutral candle. At the Queen a pullback from
The USD/JPY pair went back and forth during the course of the session on Friday, ultimately settling on a neutral candle. At the Queen a pullback from here, but at this point in time the 100 level continues to be the “line in the sand” as far as the market and possibly the Bank of Japan is concerned. A supportive candle is reason enough to go long, so as a bounce off of the 100 handles far as I can see. A break above the top of the candle during the session on Friday could also have me buying this market as well.
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.
