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.


The USD/JPY continued it’s one way move on speculation Prime Minister Shinzo Abe is likely to call a snap election in December with the government looking to delay the planned sales-tax hike until early next year to avoid damaging a fragile economic recovery.


We have a nice confluence zone at 114.80-114.70. This should offer short term support for any pullback.

Stop loss could be placed at 114.30

Take profit target: 115.50

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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"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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