USD/JPY Forecast February 22, 2013, Technical Analysis

The USD/JPY pair fell during the session on Thursday, but found the 93 level supportive enough to keep the market relatively sideways. It should be said that the markets got quite a boost in late day trading during the American session, as the risk appetite of investors seem to have picked up. Because of this, it looks like the bullishness is still in play for this market, and as a result we expect to see some type of bounce from this general vicinity. With that being the case, we are willing to go along on supportive candles based upon one hour time frames.



Written by FX Empire