RoboForex Team
Well-known member
USDJPY stuck in a range: weak dollar supports, rate outlook weighs
The USDJPY pair has fallen to 159.86. The range remains intact, but the yen is recovering some of its previous losses.
Technical outlook
On the H4 chart, the USDJPY pair remains range-bound, although the short-term momentum is shifting in favour of sellers. After another failed attempt to consolidate in the 159.50–159.80 area, the pair declined to 158.96 and approached the middle Bollinger Band.
The USDJPY pair remains range-bound but is edging lower within the range.
Read more - USDJPY Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
The USDJPY pair has fallen to 159.86. The range remains intact, but the yen is recovering some of its previous losses.
Technical outlook
On the H4 chart, the USDJPY pair remains range-bound, although the short-term momentum is shifting in favour of sellers. After another failed attempt to consolidate in the 159.50–159.80 area, the pair declined to 158.96 and approached the middle Bollinger Band.
The USDJPY pair remains range-bound but is edging lower within the range.
Read more - USDJPY Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
