USD/JPY Forecast January 25, 2016, Technical Analysis

The USD/JPY pair broke higher during the day on Friday, clearing the 118.50 level. In fact, we went above there and closed at the very top of the range which of course is a very bullish sign. The normally means continuation, and as a result we think that the market is going to be able to be bought on breakouts above the top of the range for the session on Friday, and pullbacks and show signs of support. It looks as if the stock markets around the world getting ready to bounce, and that generally is positive for this particular currency pair. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the