USD/JPY Forecast: Dollar sell-off continues

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 117.34 View Live Chart for the USD/JPY The USD/JPY pair resumes its decline this Thursday, as dollar sell-off continues. The pair corrected slightly higher after bottoming at 117.04 last Wednesday, up to 117.70, where a Fibonacci resistance capped the advance. Technically, the downside remains favored, with the 1 hour chart showing that the 100 and 200 SMAs are turning south well above the current level, while the technical indicators head strongly lower within bearish

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