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,
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
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.
