Sponsors

USD/JPY Forecast September 21, 2012, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 September 2012 06:05 UTC

The USD/JPY pair fell during the session on Thursday, but bounced off of the 78 handle as we have suggested it would yesterday. This shows that there is quite a bit of support at 78 as we have formed a hammer for the session, and as such we are willing to start buying this pair again and a suggested move to the 79 handle. We think this is a short-term trade, but as long as the market is willing to give us 50 pips at a time, we are willing to take it.

 

USD/JPY Forecast September 21, 2012, Technical Analysis

Written by FX Empire

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.