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USD/JPY Technical Analysis For 24th September 2015, H4

24 September 2015, USD/JPY

Technical View:
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.
Trade Recommendations:

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.

Graham Osano
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