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Forex forecast: USD/JPY bullish above 121.74; EUR/USD: a blockbuster next week

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s forex forecast, we discuss the technical outlook for USD/JPY and EUR/USD, with Wilson Leung, Director for Trendsetter FX. USD/JPY: Buy for a re-test of last week’s high Leung notes that USD/JPY registered a 12-week high at 123.77 after which Yen buying triggered due to geopolitical events pushed the cross lower towards 122.21. He further suggests buying the pair at the 13 DMA and targeting last week’s high, but adds that USD/JPY moving below 121.74 will cancel this bullish call and

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