USD/JPY Analysis


Let’s take a look at the USD/JPY chart.

The overall trend is bearish, however, it looks like we’re in a short-term retracement. Look for the pair to potentially retrace to the 82.50 level and above.

Once the retracement completes, then look for a turn to the downside to potentially test the 79.50 area and below.

Good luck with trading and be sure to use your money management as well as your stops.