25 August 2016, USD/JPY
USD/JPY is currently trading with a neutral bias to either sides of the market. This pair continues to consolidate below a key zone 100.73-100.92, unless there is a clear breakout above 100.91, expect a possible rebound from this zone to go short with an ideal target at 99.03. A clear breakout above 100.91 will lead to a possible bullish price rally towards 102.44 or even higher. This pair should be traded alongside NZD/JPY, GBP/JPY, CAD/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.90 and will have a similar price action during this intraday.
Remain flat for now but expect a possible rebound from 100.73 to go short with an ideal target at 99.03.
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