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USD/JPY Forecast: New range, waiting for a catalyst

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 123.22 View Live Chart for the USD/JPY New range, waiting for a catalyst. The USD/JPY pair consolidates above the 123.00 level, this Monday, having little to offer to investors this Tuesday, as it trades in a 40 pips range ever since the day started. The pair has now set a new consolidative range and will need a huge catalyst to break it, which means playing the 122.80/123.60 range could be the way to trade it in the short ter. Technically, the 1 hour chart shows that

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