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USD/JPY Forecast: choppy around the 118.00 level

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 117.71 View Live Chart for the USD/JPY The USD/JPY pair is choppy around the 118.00 level this Thursday, unable to set a clear tone, as uncertainty rules. Stocks are still seeking for direction in Europe, so we may need to wait until Wall Street opening, to see if investors get some clues from there. In the meantime, the 1 hour chart shows that the price remained below a bearish 200 SMA, with the price moving back and forth around a horizontal 100 SMA, as the Momentum

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