USD/JPY Forecast: Directionless ahead of the FOMC

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 118.34 View Live Chart for the USD/JPY Directionless ahead of the FOMC. The USD/JPY remains in wait-and-see mode ahead of the US FOMC announcement later in the American afternoon, having traded in a 20 pips range ever since the day started. The pair presents a slightly positive tone, as in the 1 hour chart, the price is holding above a bullish 100 SMA, while further above the 200 SMA, and as the technical indicators head north, crossing their mid-lines towards the

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