USD/JPY Forecast April 27, 2017, Technical Analysis

The USD/JPY pair broke higher during the day on Wednesday as we continue to see quite a bit of buying pressure. This was in reaction to stock markets going higher and we now are finding the market near the 112 level which should be resistive. A break above there should send this market higher, perhaps reaching towards the 115 level. However, I would not be surprised at all to see the market pull back a little bit to try to build momentum. This should start to be a choppy market again rather soon. - 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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