The USD/JPY pair was very choppy over the course of the session on Tuesday, but did find a bit of a bullish sign. A break above the 115 handle is what’s
The USD/JPY pair was very choppy over the course of the session on Tuesday, but did find a bit of a bullish sign. A break above the 115 handle is what’s needed for a continues move higher at this point. However, I believe that the market needs to pullback to build up any true momentum, so I’m looking for a supportive candle underneath to go long. I think that the 112.50 level is supportive, and a certainly think that the 110 level will be as well. Given enough time, there should be value that we can take advantage of.
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.
