USD/JPY Forecast February 5, 2016, Technical Analysis

The USD/JPY pair broke down during the session on Thursday, as we are starting to slice through the last vestiges of support. Quite frankly, there is a hammer from a couple of weeks back that if we break down below there, this market should rush to the 115 level. However, it should be noted that we are so oversold at this point that the stronger move will be to the upside if we get a strong jobs number coming out of the United States. We prefer that, but at this point in time we have to simply wait. - 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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