The USD/JPY pair went back and forth on Monday, essentially settling nothing. With this, it appears that the market isn’t ready to go anywhere at this
The USD/JPY pair went back and forth on Monday, essentially settling nothing. With this, it appears that the market isn’t ready to go anywhere at this point in time. We are looking for pullbacks in order to start buying on value, but until then there really isn’t much to do in this market and we will sit on the sidelines. The 125 level above is a massive barrier, and if we can break above there, we think the market could continue to go much higher levels. We expect this to happen, but obviously we are not ready.
USD/JPY Forecast August 18, 2015, Technical Analysis
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.
