USD/JPY Forecast July 3, 2017, Technical Analysis

The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can break above the top of the range for the day, the market should then go to the 113 handle after that. I believe that the market continues to find buyers, as the Bank of Japan is so soft when it comes to monetary policy. Even if we pulled back from here, I believe that is not until we break down below the 110 level that the potential uptrend is over.

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