USD/JPY Forecast: Further recoveries above 114.20

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 114.06 View Live Chart for the USD/JPY Further recoveries above 114.20. Stronger stocks worldwide are keeping the JPY under pressure, and the USD/JPY pair trades near fresh 3-day highs above the 114.00 level. The pair is trading above its 100 SMA in the 1 hour chart for the first time since February 3rd, but in the same chart the Momentum indicator diverges lower, approaching its 100 level and limiting chances of a stronger advance. In the same chart, the RSI indicator

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