USD/JPY Forecast February 11, 2016, Technical Analysis

The USD/JPY pair initially tried to rally during the course of the session here on Wednesday, but found the area near 115 to be far too resistive. We ended up continuing the downtrend, and have now broken well below the 114 level. This market looks like it’s free to go down to the 110 level, and as a result we do continue to sell this pair as the financial markets around the world continue to struggle with risk aversion. We have no interest in buying at this point in time, and believe that it might be a while before we can.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com