USD/JPY Forecast June 21, 2016, Technical Analysis

USD/JPY initially rallied during the day on Monday, but then turned right back around to form a fairly negative candle. That of course gives us an opportunity to sell this market on short-term rallies as they appear. The market should then reach towards the 102 level, and then possibly even the 100 level and as a result I believe that short-term rallies will offer selling opportunities. It’s not until we get above the 105 level that I would consider buying this pair as it has been so negative for over the last several weeks. - 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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