manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

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

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

Graham Osano
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .