USD/JPY Forecast: Still directionless, but above 120.00

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.22 View Live Chart for the USD/JPY Still directionless, but above 120.00. Risk appetite has helped the USD/JPY advance up to 120.34, but broad dollar's strength is preventing the pair from advancing further, despite the sharp advance in worldwide stocks. The pair retreated some from the mentioned high, meeting once again intraday selling interest around the a strong Fibonacci level, the 50% retracement of the latest weekly decline. Technically, the 1 hour chart

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