USD/JPY Forecast October 12, 2016, Technical Analysis

The USD/JPY pair initially tried to rally during the course of the day on Tuesday, but turned back around and form a bit of a shooting star. Ultimately I believe that there is plenty of support below though, so any fall at this point in time will more than likely be a buying opportunity. I would need to see some type of supportive candle in order to go long though, or perhaps a break above the top of the shooting star but I recognize that there is a lot of noise all the way to the 105 handle above. - 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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