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USD/JPY forecast for the week of September 26, 2016, Technical Analysis

By:
Christopher Lewis
Published: Sep 24, 2016, 04:37 UTC

The USD/JPY pair fell during the course of the week, slamming into the 100 handle. This is an area that I believe is a bit of a barrier that the Bank of

USD/JPY weekly chart, September 26, 2016

The USD/JPY pair fell during the course of the week, slamming into the 100 handle. This is an area that I believe is a bit of a barrier that the Bank of Japan will probably trying to defend one way or another. With this being the case, I’m looking for some type of supportive candle in order to start going long again. It might be easier to trade this market off of the shorter-term charts, as I think that we will have quite a bit of choppiness going forward.

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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