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USD/JPY Forecast: Bearish, but on-hold

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.41 View Live Chart for the USD/JPY Bearish, but on-hold. The USD/JPY pair shows little progress this Tuesday, trading in a 25 pips range ever since the day started. The Japanese yen refused to move, despite Asian shares closed with gains, led by an advance in Australian stocks. Technically, the pair maintains the negative tone seen on previous updates, as per standing well below the daily ascendant trend line broken last week. The 4 hours chart shows that the moving

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