USD/JPY Forecast February 9, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 February 2016 06:44 UTC
The USD/JPY pair fell rather significantly during the course of the session on Monday, testing the 115 level. By doing so, the market looks as if it is testing a very significant amount of support and if we can break down below their things could get rather ugly for this pair. Given enough time, the market would continue to fall apart and quite frankly we are bit nervous about the support in the uptrend. We need to see a daily supportive candle on the daily chart in order to start buying at this point in time.



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.


Subscribe to Newsletter

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