Sponsors

USD/JPY Forecast August 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 August 2015 06:24 UTC

The USD/JPY pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and slammed into the 125 handle. If we can get above this area, we feel that this market should go much higher, and with a Nonfarm Payroll Numbers coming out on Friday, that could be the catalyst. Any pullback at this point in time should be thought of as a buying opportunity as the market should continue to go higher. We believe that the market will be highly sensitive to the jobs number, so even if we don’t get that move between now and then, it should be shortly afterwards.


 

USD/JPY Forecast August 6, 2015, Technical Analysis

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.