USDJPY To Hit 106 Level By June

In a recent Yahoo Finance article, prediction is being made by Jesper Bargmann, the Head of Trading Markets for Singapore in Nordea about USDJPY pair. Jesper Bargmann claims that USDJPY pair can hit 106 level by June 15th. Watch this video below in which Jesper Bargmann explains why he things so.

USDJPY is right now trading at 102 level. It has not be able to break above the 105 level this year. Last year it had found resistance at 105.210 in December and last week it found heavy resistance at 104.115. But as the US FED is forced to increase the interest rates this will take the USDJPY pair higher according to Jesper. In order to bolster the recovery in the US economy, FED will be forced to increase the interest rates. It cannot keep the interest rates low long. If you are really interested in mastering how to trade USDJPY and other pairs you should try Forex Mentor PRO Program run by 3 professional traders for 7 days for $1 only. Forex Mentor PRO is an educational program that teaches traders how to identify high probability trade setups. Trading alongside professional traders is always a good idea. Trading USDJPY on the daily and 4 hourly timeframe is a good idea. Forex Mentor PRO program teaches how to trade these currency pairs on the higher timeframes of D1 and H4 as compared to the lower timeframes that have high volatility and are influenced by the economic news release a lot.