USD/JPY Forecast June 22, 2016, Technical Analysis

The USD/JPY pair broke higher during the course of the session on Tuesday, but as you can see the 105 level continues to be resistive. Because of this, I’m waiting to see whether or not we get an exhaustive candle that I can start selling, probably off of the short term charts. Ultimately, this is a market that looks as if it is consolidating, and as a result I think that a pullback is likely. On the other hand though, if we break above the 105 level I think that there is more than likely going to be a move to the 106 handle. - 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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