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USD/JPY Forecast: Break above 120.35 required

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 120.19 View Live Chart for the USD/JPY Break above 120.35 required. The USD/JPY pair is back to its usual tight range, having traded between 119.88 and 120.30 so far today, capped below the 50% retracement of its latest weekly slump. The strong upward momentum in stocks is doing little for the pair, although should limit chances of a decline, particularly if US indexes extend their pre-opening gains. Technically, the 1 hour chart shows that the price is holding a handful

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