USD/JPY Forecast April 25, 2017, Technical Analysis

The USD/JPY pair gapped higher at the open on Monday, but has spent most of the session trying to retrace that gap. Because of this, I believe that the short-term pressure may be to the downside. A supportive candle below could be a nice buying opportunity, as the market has shown a proclivity to go higher. Looking at short-term charts for signs of support or buying pressure might be the way to go. Alternately, if we break down below the bottom of the gap, that could be a very negative sign for this market. - 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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