USD/JPY Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:27 UTC
USD/JPY initially rallied during the day on Monday, but then turned right back around to form a fairly negative candle. That of course gives us an opportunity to sell this market on short-term rallies as they appear. The market should then reach towards the 102 level, and then possibly even the 100 level and as a result I believe that short-term rallies will offer selling opportunities. It’s not until we get above the 105 level that I would consider buying this pair as it has been so negative for over the last several weeks.

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.