USD/JPY Forecast December 7, 2016, Technical Analysis

The USD/JPY pair was very choppy over the course of the session on Tuesday, but did find a bit of a bullish sign. A break above the 115 handle is what’s needed for a continues move higher at this point. However, I believe that the market needs to pullback to build up any true momentum, so I’m looking for a supportive candle underneath to go long. I think that the 112.50 level is supportive, and a certainly think that the 110 level will be as well. Given enough time, there should be value that we can take advantage of. - 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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