The USD/JPY pair found enough support at the 112.50 level to turn around to form a positive candle. I think that the market is now going to reach towards
The USD/JPY pair found enough support at the 112.50 level to turn around to form a positive candle. I think that the market is now going to reach towards the 115 level where we had seen previous resistance. If we can break above the top of the shooting stars that sit at that level, the market should continue to go much higher. Overall, the Japanese yen looks very soft, and I believe that we will continue to see the uptrend take control of the market. I have no interest in selling this pair, believing that the longer-term downtrend has been broken.
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.
