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USDJPY Daily Forecast: November 04

Thursday, November 3, 2016 21:47
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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 102.55 but closed higher at 102.97. The bias is neutral in nearest term but overall I remain bearish with nearest target seen at 101.80 as a part of the bearish scenario after broke below the bullish channel as you can see on my H1 chart below. Immediate resistance is seen around 103.50 followed by 104.00.

usdjpyhourly

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