USD/JPY Forecast November 29, 2016, Technical Analysis

The USD/JPY pair initially fell on Monday but found enough buyers near the 111 area to turn things around and form a bit of a hammer. A break above the top of the hammer is a bullish sign, but quite frankly this is a market that is far too overbought for me to be excited about anymore. I want to see pullbacks to give us opportunity to pick up significant value, and we just of not have had it yet. I certainly will be selling this market, I think it’s only a matter of time before any pullback find value hunters. - 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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