USD/JPY Forecast June 14, 2016, Technical Analysis

The USD/JPY pair initially fell during the course of the session on Monday, but found enough support at the 106 level to turn things around and form a nice-looking hammer. If we can break above the top of the hammer, that would be a very bullish sign and we could see the market reach towards the 108 level. If we can break above there, the market should go even higher. A break down below the bottom of the hammer would be a very negative sign, and that would be a sign that the market could reach towards the 105 level. - 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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