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USD/JPY Forecast: Correcting higher, but still bearish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 117.18 View Live Chart for the USD/JPY Correcting higher, but still bearish. The USD/JPY pair advanced u to 117.43 as the EUR plummeted and stocks gained, holding within positive territory daily basis amid renewed dollar's demand. The upside however, is still seen limited, at least in the short term, given that in the 1 hour chart, the price is currently unable to advance beyond a bearish 100 SMA, while the earlier spike stalled right below the 200 SMA. In the same

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