USD/JPY Forecast April 19, 2017, Technical Analysis

The USD/JPY pair initially rallied on Tuesday, but found enough resistance above to turn around and form a negative candle. It looks as if we are going to test the bottom of the hammer from the previous session and more importantly the 108 level if the bearish pressure keeps up. I think we will continue to chop around in the short term, so I am not involved in the pair after it showed a real lack of follow-through when it comes to the potential bounce higher that presented itself yesterday. If we break down below the 107.90 level, this market could fall significantly. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the