USD/JPY forecast for the week of August 1, 2016, Technical Analysis
The USD/JPY pair broke down during the course of the week, slicing through the 105 level. Because of this, it now looks as if we’re going to reach down to the 100 level, an area that offers quite a bit of support in my estimation and of course the real
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The USD/JPY pair broke down during the course of the week, slicing through the 105 level. Because of this, it now looks as if we’re going to reach down to the 100 level, an area that offers quite a bit of support in my estimation and of course the real threat of the Bank of Japan getting involved. With this, I believe that longer-term trades are almost impossible to deal with at this point in time so therefore I will look to shorter-term charts to get involved in this particular market.
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