USDJPY Continues to Weaken After Falling Under Key Support

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    USDJPY - Dollar/yen bears push market under key support As we discussed in our weekly forex commentary this week, everything for the USDJPY depended on the old key support level at 115.85 this week, and now that price has continued to fall below that level we are actively looking to sell this pair. We are looking for a price action sell signal on the 1 hr, 4 hr or daily chart time frame if we get a retrace back up toward that 115.85 level which is now resistance. copyright

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