Advertisement
Advertisement

USD/JPY Forecast October 10, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 25, 2015, 00:00 UTC

The USD/JPY pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle just below the 108 level. Because of this,

USD/JPY Forecast October 10, 2014, Technical Analysis

The USD/JPY pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle just below the 108 level. Because of this, we feel that this market could very well bounce from here, but it could be a bit of a struggle as well as there is certainly the need for a rest as we have gone too high too quick. That being the case, we are buying a move above the top of the range, or some type of supportive candle below. Been absolutely no interest whatsoever in selling this pair.

 

USD/JPY Forecast October 10, 2014, Technical Analysis
USD/JPY Forecast October 10, 2014, Technical Analysis

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