USD/JPY Forecast June 27, 2016, Technical Analysis

The USD/JPY pair fell significantly during the course of the session on Friday, breaking well below the 100 level at one point. However, the market turned around and formed a massive hammer, so if we can break above the top of the range for the Friday session, that could be a very bullish sign. However, it’s very likely that we will continue to see sellers step into this marketplace as it tends to be a very risk sensitive market. Short-term charts will probably be the way to get involved in this market though, as the range was so large from the daily candle. - 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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