USD/JPY Forecast July 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 July 2016 05:42 UTC
The USD/JPY pair initially fell during the day on Thursday, but turned back around to form a bit of a hammer. If we break above the top of the hammer, the market more than likely will try to grind its way towards the next massive resistance barrier, in the form of the 105 handle. I do believe however that there is resistance all the way down to the 104 level as well, so I don’t really want to buy this pair. Having said that, if we can get some type of resistant candle I am willing to sell once I get a chance.

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.