Advertisement
Advertisement

USD/JPY forecast for the week of November 9, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 7, 2015, 06:35 UTC

The USD/JPY pair broke higher during the course of the week, using the 120 level as a massive springboard. Ultimately though, the market should continue

USD/JPY forecast for the week of November 9, 2015, Technical Analysis

The USD/JPY pair broke higher during the course of the week, using the 120 level as a massive springboard. Ultimately though, the market should continue to go higher, perhaps heading to the 125 handle. Ultimately, pullbacks should continue to be buying opportunities, but eventually once we get above the 125 handle, the market then is free to go much higher. We have no interest in selling this market at all and believe that the stronger than anticipated jobs number on Friday will continue to strengthen this pair over the longer term.

 

usdjpyWEEK

About the Author

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.

Did you find this article useful?

Advertisement