USD/JPY Forecast September 20, 2013, Technical Analysis

The USD/JPY pair shot straight through the roof during the session on Thursday, going much higher. The 99.50 level did offer a bit of resistance, we think this market has shown that once the go higher, and as a result we are buyers on a break above the highs for the session on Thursday, or pullbacks that show signs of support. Quite frankly, this candle is a little bit by surprise that we did not enter the trade during the session on Thursday. But, we are more than willing to do so going forward.

 

USD/JPY Forecast September 20, 2013, Technical Analysis

Written by FX Empire