The USD/JPY pair had yet another positive week, but at this point in time we are starting to see quite a bit of resistance of the 113 handle. This market
The USD/JPY pair had yet another positive week, but at this point in time we are starting to see quite a bit of resistance of the 113 handle. This market quite frankly needs to see a significant pullback in order to offer value and continue to move higher. Ultimately, I think that the market should continue to go much higher, and I have a target of 120. However, we need a pullback in order to find the momentum necessary to make that move. I have no interest in selling.
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.
