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Forex Forecast: USD/JPY remains a buy on dips, Seller for choice on EUR/USD into the ECB...

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we share the technical outlook and targets for EUR/USD and USD/JPY with Wilson Leung, Director at Trendsetter FX. USD/JPY: Respectable range, buy the dips Leung believes that the USD/JPY pair is in a respectable range of 121.74 – 118.06. He maintains a buy on dips approach on the pair, noting that the cross broke below the key support at 118.60, but having failed to close below this supports the upside view. He suggests buying the dips towards 119 area for an upside

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