The USD/JPY pair continues to grind itself a little bit lower, as the market seems a bit stretched at the moment. Ultimately though, we feel that the
The USD/JPY pair continues to grind itself a little bit lower, as the market seems a bit stretched at the moment. Ultimately though, we feel that the market should continue to find buyers below, and we are especially interested in the 122 handle. After all, that is where the market broke out of consolidation recently. A supportive candle in that area would have us buying as it should send this pair looking for the 125 handle later. We have no interest in selling, and quite frankly feel that this market will more than likely break above the 125 handle given enough time.
USD/JPY Forecast November 13, 2015, Technical Analysis
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.
