Sponsors

USD/JPY Forecast November 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 November 2015 06:52 UTC

The USD/JPY pair fell during the course of the session on Monday, but continues to hang about the consolidation area that we think will be the main driving factor of this pair in the short-term. We believe that it’s only a matter time before he break out to the upside, so pullbacks that show support below should be buying opportunities. Eventually, the market should reach towards the 125 handle, and perhaps even above there, offering a longer-term “buy-and-hold” type of situation. Pullbacks should find support all the way to at least the 121 handle, if not lower than that.

USD/JPY Forecast November 24, 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.