USD/JPY Forecast April 3, 2017, Technical Analysis

The USD/JPY pair initially tried to rally during the day on Friday, but found the 100-exponential moving average too resistive to continue going higher. Because of this, I think we need to test the recent attempt at making a base, and with this am waiting to see a supportive candle blow to serve buying. Alternately, if we can break above the 112.50 level, the market could go much higher. Either way, I don’t have any interest in selling into we make a fresh, new low, and at that point I think that the market will probably go to the 110-handle underneath. - 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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