1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USDJPY, update

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    USDJPY, 4 Hour The U.S. unemployment rate fell to cycle lows of 4.9%, and hourly earnings rose more than expected. This could be view as a short term positive for the USD. USDJPY price appears to be in a corrective recovery since sharply dropping from the recent highs near 121.70’s. Stochastic Analysis on the 4 hour chart supports short term long positions with a price target near the 118.15.

    Continue reading...
     

Share This Page