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.

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