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Forex technical analysis: USDJPY extends higher*

Discussion in 'Technical Analysis' started by ForexLive, Nov 20, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Range now 29 pips... The USDJPY is pushing to new session highs in the last few minutes. Saying that is not a big deal since that push has extended the range for the day to 29 pips from 25 pips (hence the * - it is not time to party), but it is a start. At 29 pips currently, this is the most narrow trading range for a day for the year. Certainly it will not be a record will it? Of course we have FOMC later today. Hopefully we won't have to wait that long...A continuation of the move higher will have the pair looking toward the 123.595 level.

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