USD/JPY Forecast for the Week of Nov. 21st, 2011, Technical Analysis

Forex Desk, FXEmpire | fxempire.com Premium Rss | November 19, 2011 10:58 pm

USD/JPY continued to grind lower after the intervention by the Bank of Japan this last week. The pair is going to be tough for long-term traders as the range simply is too tight for a long-term trade. The selling of this pair has been the only way to go, but occasional interventions make that a dangerous proposition from time to time. Because of this, we advise long-term traders to avoid this pair currently.