LiteForex - Analytics

    LiteForex

    802.75 8.00/10
    78% of positive reviews
    Real

    USD/JPY: the pair is trading within a downward channel on 05.02.2015

    The USD/JPY continues to trade within a downward channel. Quotes went down on Wednesday due to positive data from Japan where personal revenues grew 1.6%, which is the highest value since July 2014. The pair is currently correcting. Bulls' first target is a level of 117.45 (middle line of Bollinger Bands). In case of its breakout quotes may go further, up to  a level of 117.90 (upper border of the downward channel). Otherwise the price may go back to Wednesday's minimum (116.90). The price will hardly leave the borders of the range 117.90-116.90 in the shortest time: investors will be waiting for tomorrow news from the US labour market.

    read more >>

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree