USD/JPY Forecast November 24, 2016, Technical Analysis

The USD/JPY pair rose again during the day on Wednesday as we continue to slice to the upside. This is a market that is overbought though, and as a result I’m waiting to see a pullback in order to get involved. Buying up at these high levels would be chasing the trade, and that’s probably the most dangerous way to trade the markets. I obviously would not sell this pair, but at this point in time I can’t buy it either. I’m just waiting for some type of supported pullback in order to get involved. - 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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