The USD/JPY pair went back and forth during the course of the week but ultimately ended up settling on a very neutral candle. Because of this, the one
The USD/JPY pair went back and forth during the course of the week but ultimately ended up settling on a very neutral candle. Because of this, the one thing that we can glean from this chart is that the 125 level is not quite ready to give up resistance yet. With this, we think that pullbacks are likely, but they should simply be momentum building exercises in order to finally break out and above the 125 handle. It is probably going to be as large firms come back from vacation.
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.
