The USD/JPY pair hasn’t been able to violate the symmetric triangle pattern so far as it’s providing solid resistance at 106.300 and support at 106 level. The U.S. CPI figures may help to drive some price action during the New York session. Checkout the USD/JPY price forecast to learn more about the trade setup.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
USD/ZAR: Rand pulls back from 3 1/2-month high ahead of cenbank meetings
Forex Market: USD/CAD daily trading outlook
Forex Market: EUR/MXN daily forecast
General Motors Co share price down, expands vehicle recall due to software flaw
Gold retreats on U.S. debt deal optimism
Forex Market: USD/CAD trading outlook for Tuesday (November 1st 2016)