USD/JPY Forecast May 1, 2017, Technical Analysis

The USD/JPY pair rallied on Friday, but found a bit of resistance at the 50-day exponential moving average. Nonetheless, it looks as if we are trying to build up enough momentum to break above the 112 handle, and if we do I think the market will continue to grind its way towards the 115 handle. Pullbacks from here will more than likely be supported, but I would think that the one thing you can count on is probably going to be volatility regardless of what happens. If we break above the 112.50 level, I would be adding to my position to the upside. - 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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