We are in bullish mode on USDJPY currency pair
Here is the illustrations and snapshots for USDJPY Forecast and technical analysis December 15 2014.
USDJPY weekly technical analysis and forecast
If we consider our weekly chart of USDJPY pair, we can see that, lat week the pair was unable to broke the fibo 23.6 level. Besides there is a big fundamental news on JPY and possibly Abe is going to be reelected again. It gives us a strong bullish hints on this pair.
USDJPY daily technical analysis and forecast
On the daily chart of USDJPY pair we can see that the pair is unable to break the fibo 23.6 level. Though the currency is a bit falling now but till the break of fibo 23.6 level we will remain bullish on this currency pair.
USDJPY daily technical analysis and forecast
On the h4 chart we can see a nice temptation to go for a long entry. In fact for us its the right time to go for a long entry.
