Advertisement
Advertisement
USD/JPY Forecast September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:30 GMT+00:00
The US dollar rallied significantly during the session on Friday, after initially falling rather hard. The shakeup had to do with the North Koreans
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
The US dollar rallied significantly during the session on Friday, after initially falling rather hard. The shakeup had to do with the North Koreans launching a missile over Japan, but quite frankly, the market has seen this movie before. Because of this, the buyers came back in and it looks as if we’re going to continue to try to grind to the upside. On longer-term charts, this suggests that we are going to go to the 114.50 level. So, with this in mind, I’m a buyer of dips and I believe that we do go higher rather than lower.
USD/JPY Video 18.9.17
About the Author
Christopher LewisSenior Analyst
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.
Advertisement