USD/JPY Technical Analysis For 24th September 2015, H4
24 September 2015, USD/JPY
USD/JPY is currently trading with a slight bearish Bias. The pair continues to trade within the range 121.34, and 118.50 despite the break out witnessed in GBP/USD. As long as the pair trades within this ranges traders are advised to only buy or sell along these levels forming the range. USD/JPY is strongly positively correlated to HKD/JPY and CAD/JPY, this level of correlation is expected to continue for the better parts of this intraday.
Buy above 121.34 with stops at 122.37, and the next stop at 123.77. or sell below 118.50 but with stops at 116.17.
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