USD/JPY Forecast May 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 12 May 2016 08:41 UTC
The USD/JPY pair fell initially during the course of the session on Wednesday, but at the end of the day will we are really looking at is the fact that we are starting to dig into significant resistance. We could go higher from here, but the 110 level will continue to act as a bit of a ceiling at this moment in time. If we continue to break down from here, we should reach towards the 106 level given enough time. Volatility is the one thing that you can probably count on in this particular marketplace.

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