The USD/JPY pair initially fell during the course of the week but turned back around near the 122 level to form a bit of a hammer. We believe that this
The USD/JPY pair initially fell during the course of the week but turned back around near the 122 level to form a bit of a hammer. We believe that this market will continue to go higher, as we reach towards the 125 level. Even if we fell from here, we think that the 120 level below is going to be massively supportive as well. We have no interest in selling this market and with the Nonfarm Payroll numbers coming out later this week, we could very well get a move.
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.
