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USDJPY Daily Forecast: November 07

Sunday, November 6, 2016 20:45
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USDJPY Forecast
The USDJPY had a bearish momentum last week, bottomed at 102.55 but gapped higher earlier today opened at 104.07 and hit 104.47. The bias is bullish in nearest term testing 105.00 – 105.50 area. Immediate support is seen around 103.70. A clear break below that area could lead price to neutral zone in nearest term testing 103.30/00 area. Overall I remain bearish but I will stand aside for now.

usdjpyhourly

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