Sponsors

USD/JPY Forecast January 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 January 2016 06:09 UTC

The USD/JPY pair bounced during the day on Thursday, testing the 118.50 level. Ultimately, the market will have to get above the 119 level to eventually break out to the upside for any real length of time. Any resistive candle at this point in time could be a short-term selling opportunity though, but ultimately if we can break above the 119 level, the market should try to reach towards the 120.50 handle. Regardless, the one thing that we will see is quite a bit of volatility no matter what. Ultimately, this pair tends to follow risk appetite, so pay attention to the stock markets as they tend to correlate nicely.

USD/JPY Forecast January 15, 2016, 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.