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USD/JPY Forecast: The USD/JPY pair falls this Monday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 118.42 View Live Chart for the USD/JPY The USD/JPY pair falls this Monday, having been unable to advance beyond Friday's high, around 118.90, given that the level stands for the 38.2% retracement of the daily slide between 123.54, December 18th high, and 115.96, January 20th low. Currently trading around 118.40, the 1 hour chart shows that the 100 and 200 SMAs converge around 117.60, well below the current level, but that the technical indicators have turned slightly

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