USD/JPY Forecast December 23, 2015 Technical Analysis

The USD/JPY pair fell a bit during the course of the session on Tuesday, testing the 120.50 level. Ultimately, this market looks as if it has a time of support just below, so having said that we are looking for supportive candles in order to start buying again. We have no understand selling, as we see support all the way down to the 118.50 level, and of course it’s difficult to imagine that the markets will move that drastically during the week of Christmas. Obviously, most of the volume will be out of the market.

USD/JPY Forecast December 23, Technical Analysis