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USD/JPY – Sell on spikes, target 108.20

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With USD/JPY being the trending pair in the forex market, we look at the technical charts for the cross, with Wilson Leung, Director, Trendsetter FX, who adopts a negative bias on the pair, expecting a move lower towards 108.20. USD/JPY Technical Analysis: Daily Chart Trade Setup: Target at 108.20, Sell on upticks with a stop loss 111.85. USD/JPY: Weekly Chart Leung remains Bullish on Yen and Bearish on the Dollar. He sees potential a test of the 38.2% retracement of the previous historic

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