USD/JPY Forecast: Slightly bearish, sentiment leads

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

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 123.07 View Live Chart for the USD/JPY Slightly bearish, sentiment leads. The USD/JPY pair fell down to 122.73 at the beginning of the day, but bounced back above the 123.00 level in a lackluster European session, trading uneventfully a few pips above the figure. The pair seems to be entering a corrective phase after topping around 123.60 last week, but with little downward scope as long as the price holds above the 122.50 level. Technically, the 1 hour chart shows that

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