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USD/JPY Forecast: Limited correction, sell on spikes

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 117.38 View Live Chart for the USD/JPY Limited correction, sell on spikes. The USD/JPY pair gains some ground after the release of a mixed US employment report, showing a strong rise in wages during January, and the lowest unemployment rate in eight years. Nevertheless, and with the market dollar-negative, the rally seems quite shy, and mostly a correction. Technically, the 1 hour chart shows that the technical indicators are bouncing higher within positive territory,

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