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USD/JPY Forecast: Consolidating gains

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 123.30 View Live Chart for the USD/JPY Consolidating gains. The USD/JPY pair holds to its recent gains, but remains within a limited intraday range, which erased any possible sign of strength in the technical readings. The 1 hour chart shows that the price is still well above its 100 and 200 SMAS, while the Momentum indicator is barely turning higher around its 100 level and the RSI indicator heads north around 58, just enough to keep the downside limited in the short

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