Forex Forecast for 2 February

Forex Forecast for 2 February

2 February 2017, 10:44
Real Trade


Japanese Yen is trading higher, after FOMC disappointed investors. Currently, we can expect that pair has reached the bottom. Technical level 112.6 already gave reaction. From this support may expect future gains in the pair, but better to wait the end of the day. Fake breakdown is possible


As we expected, near key level 1.24 pair made reversal and gained more than 200 points. It seems pair going to test its resistance 1.2730. This is good levels to sell the pair. Sell orders have to be made between 1.2730 and 1.2760.

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