The USD/JPY pair broke higher during the course of the day on Thursday, clearing the 120 handle. Because of this, the market looks as if it is ready to
The USD/JPY pair broke higher during the course of the day on Thursday, clearing the 120 handle. Because of this, the market looks as if it is ready to continue going higher, but we recognize that there has been a significant sell off recently. With that, we believe that you will have to be somewhat resilient, but eventually we will continue to go higher. With this, we believe that the USD/JPY pair continues to go higher, heading to the 125 level given enough time. We recognize the choppiness will be difficult for some of you to hang onto, but perseverance will reward you.
USD/JPY Forecast August 28, 2015, Technical Analysis
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.
