USD/JPY Forecast July 28, 2016, Technical Analysis

The USD/JPY pair initially rallied during the course of the day on Wednesday but found enough resistance above to give up about half of the gains. Nonetheless, I believe it’s only a matter of time before we continue to grind higher, so I think short-term traders will continue to be buyers. The Bank of Japan is sitting below and willing to act if they have to, so at this point in time I don’t really think there is much else you can do but buying for short-term gains. At this point, I have a target of 108. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the