USD/JPY Forecast June 20, 2016, Technical Analysis

The USD/JPY pair fell during the day on Friday, showing signs of weakness yet again. That being the case, it looks as if we are going to try to reach down towards the lows that we formed on Thursday. This pair seems to be struggling due to the fact that there is so much in the way of uncertainty when it comes to the economic markets at the moment. That being the case, the market looks as if it is going to favor the “safety currencies.” Ultimately, the market will continue to go lower on signs of exhaustion after short-term rallies.

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