Sponsors

USD/JPY Forecast December 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 December 2015 06:13 UTC

The USD/JPY pair went back and forth during the course of the day on Monday, hovering around the 121 handle. While the candle does look a bit negative, the reality is that there is a significant amount of support just below, so it’s hard to imagine that the pair is going to break down drastically from here. Because of this, we believe that eventually this pair will bounce but we obviously don’t have a supportive enough candle to start buying. We would of course go long if we can break above the 121.50 level, as it would show a pickup in upward momentum.

USD/JPY Forecast December 22, 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.