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 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.
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.
