USD JPY Poised to Rally to 98.53 Following Fed Meeting

The results from the FOMC meeting has triggered a surge in equity markets which is fueling a quick rally in the USD JPY.  Traders are looking for the upside momentum to take this market into the next retracement zone.

News from the FOMC meeting triggered a rally in the equity markets which led to a quick pop to the upside in the USD JPY.  Traders are now looking for this pair to continue the upside momentum and trigger a further rally to the retracement zone at 98.53 to 99.22.

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More