USD/JPY Forecast May 25, 2016, Technical Analysis

The USD/JPY pair initially fell on Tuesday, but found enough support near the 109 level to turn things back around and reach towards the 110 level. If we can break above there, the market could very well continue to go higher. However, we need to get above the shooting star that formed on Thursday in order to feel comfortable going long. Pullbacks on short-term charts should be buying opportunities, so having said that it’s likely that buyers will return again and again as the market seems to be trying to form some type of base. On a break out above, we will more than likely reach towards the 112 handle. - 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