USD/JPY Forecast April 6, 2017, Technical Analysis

The USD/JPY pair rallied on Wednesday, but continues to find downward pressure above. Ultimately, I believe that the market continues to reach towards the 112 level, but it may be choppy between here and there. Because of this, expect a lot of choppy trading, but I think we are still very consolidated, with 112 being the resistance in the 110 level being the support. I believe that this currency pair will more than likely stay within this range over the next several sessions. A breakdown below the 110 level should send this market looking for the 108 level. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the