USD/JPY Forecast June 10, 2016, Technical Analysis

The USD/JPY pair fell during the course of the session on Thursday, but bounced enough to form a bit of a hammer. That’s a very bullish sign, and as a result it’s likely that we could bounce, but I see a significant amount of resistance above as well as we formed a shooting star on Tuesday. With this, I expect a very tight market and therefore will probably stand beside of the USD/JPY pair for the time being. Ultimately though, I do believe that there is a massive amount of bearish pressure in this market, so it makes sense that we could drift a little bit lower over the longer term. - 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