The USD/JPY pair broke down during the course of the week, slicing through the 110 level like it wasn’t even there. On top of that, we have broken above
The USD/JPY pair broke down during the course of the week, slicing through the 110 level like it wasn’t even there. On top of that, we have broken above the top of the shooting star from the previous week so that of course looks like a very bullish move just waiting to happen. Pullbacks offer buying opportunities, as that would give us a bit of value to start purchasing the US dollar over the Japanese yen. At this point in time, it looks as if the market is trying to change the trend.
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.
