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USD JPY Forecast: Bouncing from the lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 120.42 View Live Chart for the USD/JPY Bouncing from the lows. The USD/JPY pair plunged during the Asian session, following a sharp decline in local share markets, as risk sentiment led the session. The decline extended down to 120.15 after the release of poor US Durable Goods Orders readings, but quickly bounced back above the 120.35 level, a strong Fibonacci support, and the 1 hour chart shows that the technical indicators are bouncing from oversold readings,

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