28 June 2016, USD/JPY
USD/JPY is currently trading with a bearish bias. Yesterday, this pair broke below it's consolidation zone 102.3-102.6 and is currently trading below a key level 102.06. This pair is still pretty much bearish and as long as its trading below 102.3-102.0, we expect an acceleration to the lower side but should not go beyond 99.06. This pair should be traded alongside EUR/JPY, USD/CAD, and USD/CHF. These pairs have a strong positive correlation and will have a similar price action during this intraday.
Remain short with your ultimate target at 99.06
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us