USD/JPY Forecast Nov. 24th, 2011, Technical Analysis

The USD/JPY pair rose during the Wednesday session as the run towards the US dollar continues. The pair is backed by the Bank of Japan and its intervention to weaken the Yen. The move was fairly impressive, but long-term this pair is massively bearish. The move will more than likely turn out to be another chance for sellers to come into the market. Because of this, we are not buying at this point, and will look for weakness to sell.

USD/JPY Forecast Nov. 24th, 2011, Technical Analysis USD/JPY Forecast Nov. 24th, 2011, Technical Analysis

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