USD/JPY Forecast February 8, 2016, Technical Analysis

The USD/JPY pair had a fairly neutral session during the day on Friday, as it appears we have found a little bit of support just below the 117 handle. Ultimately, it is a market that is reaching the bottom of a larger consolidation situation, so with that being the case it’s very likely that the markets could bounce if we break above the top of the top of the range for Friday, perhaps driving all the way to the 118.50 level at that point. We have no interest in selling until we break down to a fresh, new low though. - 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