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USD/JPY Forecast: Bears still in control

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 112.98 View Live Chart for the USD/JPY Bears still in control. The USD/JPY pair failed to sustain gains above 113.00 and remains around its daily opening, after a tepid intraday advance up to 113.33, as Asian share markets closed mostly in the green. The pair however, is far from having shuck off the negative tone, as its remain below the 23.6% retracement of the latest daily decline, around 113.50. The 1 hour chart shows that the price is retreating towards its

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