USD/JPY Forecast January 27, 2016, Technical Analysis

The USD/JPY pair fell significantly during the day at first, but turned back around on Tuesday to form a relatively positive candle. If we can break above the recent highs just below the 119 level, we feel that this market will continue to go much higher and perhaps try to reach towards the 120.50 level. We’ll have any interest in selling at this point in time though, because quite frankly there is a lot of support just below so therefore we feel this is a “buy only” market at this point in time. - 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.

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