USD/JPY Price Technical Analysis Forecast
As you already know USD JPY pair tend to be sensitive to so many other markets..- we are seeing the stocks markets start making Hints of weakening and it’s reflecting on this pair
(The safe-haven demand for the Japanese Yen is somewhat decreasing as the global risk sentiment has momentarily stopped worsening)
USD/JPY pair move along with the stock market, if the stock market breaks down it could be a sign of “risk-off” and if that’s going to be the case, it’s very likely that this pair will go looking down towards 107.60 and even to 106.40 level.
A breakdown below there would be rather negative and could send this market down to 102 level – break this level will extend the downtrend towards 98.70- 96.70- support
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| USD JPY analysis |
COT report analysis
if you will notice well, you can see increasing shorts position if this action continues then we should expect further declines on the USD JPY pair
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| USD JPY position |
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice