USD/JPY Forecast May 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 May 2016 05:50 UTC
The USD/JPY pair fell slightly during the course of the session on Thursday, breaking below the 110 level. With this being the case, the market looks as if we are struggling a bit at this large number. However, the fact that we broke above there suggests that we are starting to see a fairly large shift in momentum to the upside. If we can break above the top of the range for the session on Thursday, it’s probably reason enough to think that the market is a Michigan go to the 112 level. At this point in time, we believe that there is support to be found at the 109 handle.

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.