Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

USDJPY Daily Forecast: November 09

Tuesday, November 8, 2016 18:17
% of readers think this story is Fact. Add your two cents.

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 105.19 but traded lower and hit 104.35 earlier today. The bias is neutral in nearest term. Immediate resistance is seen around 105.00 followed by 105.50 which remains a good place to sell. Immediate support is seen around 104.15 (H1 EMA 200). A clear break below that area could trigger further bearish pressure testing 103.50 or lower. Overall I remain bearish. Fundamental focus will be on the US election result which could create a volatile market.



We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.