USDJPY Intraday Technical Forecast


The USDJPY pair is heavily intraday bearish. The latest 15 February USDJPY Intraday Technical Forecast shows what level the pair is trading.

15 February, OctaFX – The U.S dollar has fallen to its lowest trading level against the Japanese yen since November 2016, following much better than expected monthly U.S CPI inflation figures. The USDJPY currently trades around the 106.50 level, after the pair found support during the European trading session around the 106.17 technical level.

Moving into today’s U.S session, traders will be focused on the release of January PPI Inflation and Industrial Production numbers from the American economy.

15 February USDJPY Intraday Technical Forecast

  • The USDJPY pair is heavily intraday bearish while price-action trades below the 106.84 level, key intraday support is now found at the 106.17 and 105.50 levels.

  • Should the USDJPY pair start to trade above the key 106.84 level, buyers may push price-action back towards 107.29 and 107.91 levels.

Disclaimer

This article about 15 February USDJPY Intraday Technical Forecast was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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