FXEMPIRE
All
Ad
Advertisement
Advertisement
Christopher Lewis
Add to Bookmarks
usdjpy

The USD/JPY pair initially tried to rally during the course of the session on Friday, but found the 125 level to be a bit too resistive. With that being the case, we did up falling drastically from there, as we are trying to find some type of support below in order to go long. With this, a supportive candle below will continue to be a buying opportunity as we should eventually go above the 125 handle and continue the way much higher. However, there should be a significant amount of volatility in this pair, so it will take patience in order to continue going higher. We have no interest in selling.

 

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

USD/JPY Forecast August 10, 2015, Technical Analysis

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker