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USDJPY, update

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USDJPY, Daily The JPY continues to strengthen on the back of lower commodities and outflows for China as the flight to safety trades remains open for the time being. Since current USDJPY market price remains below the longer term (Monthly) chart trend-line, as well as negative MA analysis, along with the big picture macros, my conclusion is for further JPY strength. This strength will lead the USDJPY pair lower over the medium term towards price targets 116.70 (Target 1), and 115.90 (Target

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