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USD/JPY Forecast: Recovering from key support

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 122.85 View Live Chart for the USD/JPY Recovering from key support. The USD/JPY pair started the day falling down to 122.25, a few pips above the base of these last 3-weeks range, but bounced over 60 pips as risk sentiment pushed stocks sharply higher, and the 1 hour chart shows that the price is back approaching the 123.00 level, with the price above its 100 SMA and the technical indicators heading south above their mid-lines. In the 4 hours chart, the technical

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