The USD/JPY is supported above a support level of 106.100 level, having closed a Doji, Spinning Top, and hammer pattern on the 2-hour timeframe. Traders are bracing for the U.S. Non-farm payroll as it may trigger sharp upward or downward price action in the USD/JPY pair. Check out the USD/JPY forex trading signal in a video analysis above.
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.
Commodities trading outlook: crude oil futures extend slump, natural gas lower
GBP/USD close to one-month lows
Forex Market: USD/JPY daily forecast
General Motors Co.’s share price up, posts increasing third-quarter profit due to strong customers spending in North America
Forex Market: USD/CAD daily trading outlook
Natural gas trading outlook: futures drop on mild weather