USD/JPY Forecast June 13, 2016, Technical Analysis

The USD/JPY pair initially fell during the day on Friday but turned right back around to form a hammer. The hammer of course is a bullish sign, which of course was preceded by a hammer on Thursday as well. Ultimately, if we can break out above the shooting star from a handful of sessions ago, we could grind away to the 109 level. On making a fresh, new low we could send this market down to the 105 level which would be the next major round number and supportive area in this marketplace. - 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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