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USD/JPY Technical Analysis For 25th September 2015, H4

USD/JPY Technical Analysis For 25th September 2015, H4 | 25 September 2015

25 September 2015, USD/JPY

Technical View:
USD/JPY continues to trade with the range 118.24 and 121.63. As long as the pair trades within this range, traders are advised to wait for clear breakout above/ below these levels before executing trades. As a precaution, observe other pairs such as HKD/KPY, and GBP/JPY for strong positive correlation. Only buy or sell USD/JPY, if all the other positively correlated pairs are giving the same signal. these pairs had a very strong posutive correlation of upto +0.96, this level of correlation is expected to continue during this intraday

Trade Recommendations:

Buy above 121.63, and sell below 118.24, with stops at 116.20

Bob Stan
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