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USD/JPY Forecast: Flat daily basis, downside still favored

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 3, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.55 View Live Chart for the USD/JPY Flat daily basis, downside still favored. The USD/JPY pair recovered from an early dip down to 120.25 and trades flat around its daily opening. The Japanese Yen strengthened during the Asian session as local share markets fell, with the pair turning higher in Europe, as equities in the Old Continent present a better tone. Nevertheless, the 1 hour chart shows there's no room for advances, as the price stalled around its 100 SMA,

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