Trading Outlook – USD/JPY

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Originally Updated: 06:10am

Currency Pair: USD/JPY

Sentiment: Bullish

Market focus:

In today’s trade set up we will be focussing on short term buying opportunities on the USD/JPY.

Fundamentals:

With the BOJ surprising the market last week with further bond buying and the US looking to raise rates in line with an improving economy, investors will be eyeing the USD/JPY for buying opportunities on any pullbacks after the large surge we had over the past few days.

Technicals:

We have a nice confluence zone at 112.70-112.60. This should offer short term support for any pullback.

Stop loss could be placed at 112.20

Take profit target: 113.35

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Source:: Trading Outlook – USD/JPY

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]

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