USD/JPY Forecast September 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 01 September 2016 06:22 UTC
The USD/JPY pair broke higher during the course of the session here on Wednesday, as we continue to go to the upside. The 105 level above is the longer-term target, and I believe that pullbacks will continue to offer value as the Bank of Japan will almost certainly work against any selling of this market. Ultimately, I believe pullbacks will be the way to play this market as we may not go straight to the upside, but I do believe that there is quite a bit of bullish pressure underneath at this point in time.

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.