Is it the time to open another USD/JPY long term signal? - Forex News by FX Leaders

Is it the time to open another USD/JPY long term signal?

Posted Wednesday, April 20, 2016 by
Skerdian Meta • 1 min read

USD/JPY has retraced about 60 pips from the highs yesterday. It touched the 50 MA in the 4-hour chart but couldn´t break below it. It would be perfect if the price fell somewhere around 108, but the thing is that a reversal is taking place and we are seeing higher lows and higher highs. So, we might not see 108 again. The BOJ meeting and press conference are due in about a week so the chances are that they will do whatever it takes to send this pair higher and we don´t want to miss that chance.

USD/JPY is not oversold yet in the H4 chart

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of