USD/JPY Forecast April 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 April 2016 05:28 UTC
The USD/JPY pair initially tried to rally during the course of the session on Friday, but turned right back around in order to form a bit of a shooting star. This suggests that we are going to continue to see bearish pressure, but this point in time I believe that the USD/JPY pair will continue to see quite a bit of selling. Any rally at this point in time should be a selling opportunity as well, as the 110 level above should continue to form a bit of a ceiling in this market.

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