USD/JPY Forecast April 24, 2015, Technical Analysis

The USD/JPY pair initially rallied during the course of the session on Thursday, and then turned around to fall. By doing so, it looks like we should find some type of value below, and a supportive candle would be used to start buying the US dollar yet again. We believe in the longer-term validity of the uptrend, and that the market will continue to find reasons to work against the value of the Yen. Because of this, the market looks as if the buyers will get another opportunity to take advantage of lax of days ago trading.

 

USD/JPY Forecast April 24, 2015, Technical Analysis