USD/JPY forecast for the week of July 28, 2014, Technical Analysis

USD/JPY forecast for the week of July 28, 2014, Technical Analysis

28 July 2014, 23:11
Mike Dennis
0
117

The USD/JPY pair bounced during the week, to continue the consolidation that we have seen for some time. With that, we believe that the marketplace should continue to bounce around between the 101 and 103 levels, and as a result we don’t really have much of a play as far as long-term traders are concerned. With that, we believe that it is not until we break above the 103 level that we can start buying for the longer term. As far selling is concerned, we have to break down below the 100 level before we would consider that.




Share it with friends: