USD/JPY Forecast: Breaking higher, 122.00 key

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 121.88 View Live Chart for the USD/JPY Breaking higher, 122.00 key. The USD/JPY pair surged up to 121.99 early Europe, extending its rally after breaking above its 200 DMA late Wednesday. Currently retreating from the high, the 1 hour chart shows that the price remains well above its 100 and 200 SMAs that slowly aim higher far below the current level, whilst the technical indicators have turned south from near overbought levels, rather reflecting the ongoing bearish

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