USD/JPY Forecast November 25, 2016, Technical Analysis

The US dollar rallied on Thursday again, breaking above the 113 handle. The market continues to be a bit overextended, so it’s difficult to get long of this market now. Essentially, you would be “chasing the trade”, which is a great way to lose money. So, having said that I am waiting for some type of pull back to show signs of support below to go long. Honestly, I believe that we need a pullback that lasts several days to find enough support and value in the market to continue going long. Unless you are long of this pair already, you need to wait. - 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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