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USDJPY: Follows Through Higher On Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDJPY - The pair followed through higher on the back of its Tuesday strength on Wednesday. This price development leaves the pair targeting more upside in the days ahead. On the downside, support comes in at the 109.00 level where a break if seen will aim at the 108.50 level. A cut through here will turn focus to the 108.00 level and possibly lower towards the 107.50 level. On the upside, resistance resides at the 110.00 level. Further out, we envisage a possible move towards the 110.50

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