USD/JPY Technical Analysis For 25th September 2015, H4 | 25 September 2015
25 September 2015, USD/JPY
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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
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
