USD/JPY Forecast April 24, 2017, Technical Analysis

The USD/JPY pair fell slightly during the day on Friday as we continue to bang around in a consolidated area. I think given enough time, the market should then reach towards the 110 level above, and I believe that the 108-level underneath is massively supportive. Ultimately, this is a market that goes back and forth in this general area as far as I can see, and with that being the case I think it’s only a matter of time before range bound traders push the market in one direction or the other repeatedly.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com