The USD/JPY pair went back and forth during the day on Friday essentially settling nothing. Ultimately though, the market should continue to go higher
The USD/JPY pair went back and forth during the day on Friday essentially settling nothing. Ultimately though, the market should continue to go higher given enough time, but having said that we recognize that we don’t have a supportive candle quite yet. Any supportive candle in this area should send this market looking towards the 125 handle given enough time, as the market has a lot of noise between here and there but also has visited that level, and therefore is attracted to that area. Eventually will break above there and continue to the 130 level.
USD/JPY Forecast November 23, 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.
