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USD/JPY forecast for the week of September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:33 GMT+00:00
The US dollar formed a very bullish candle during the week, bouncing from the vital 108 level. By forming the bullish candle that we did, it looks as if
The US dollar formed a very bullish candle during the week, bouncing from the vital 108 level. By forming the bullish candle that we did, it looks as if we are going to continue to go higher, perhaps reaching the top of the consolidation level again, which has me targeting the 114.50 region. Short-term pullbacks could happen, but quite frankly as long as we can stay above the 108 handle, they should be buying opportunities. Keep in mind that this market is highly sensitive to risk appetite, so if we get some type of sudden selloff or perhaps another North Korean issue, we could turn around.
USD/JPY Video 18.9.17
About the Author
Christopher Lewisauthor
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.
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