USD/JPY Forecast: Range shrinks, downside risk prevails

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 113.80 View Live Chart for the USD/JPY Range shrinks, downside risk prevails. The USD/JPY has been trading lower in range ever since the day started, having been unable to extend beyond 114.00 during the European session in spite of improved market's sentiment. Better-than-expected US data was not enough to push the pair higher, which indicates that the dominant bearish trend remains firm in place, despite the current lack of volume. In the 1 hour chart, the 100 and 200

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