Visitors Now:
Total Visits:
Total Stories:
Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

USDJPY Daily Forecast: November 10

Wednesday, November 9, 2016 18:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 101.19 but whipsawed to the upside and hit 105.95 earlier today in a volatile market on US election day which put Donald Trump in the White House. The bias is bullish in nearest term testing 106.70 area but as you can see on my H4 chart below, price is in my “sell zone” where I see any bullish momentum now as a good opportunity to sell with a tight stop loss above 107.50. I have three different multi time frames bias. A bullish short term bias, neutral medium bias and bearish long term bias. Immediate support is seen around 104.50. A clear break below that area could lead price to neutral zone in nearest term testing 103.50 or lower.

usdjpy4h

Report abuse

Comments

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

Total 1 comment
  • The situation after Elections were really hard to explain, but I guess everything is looking very much normal now, but still we got to be very wise with how we go about doing everything and only then we will have chance of success. I trade with OctaFX broker where I get great support and help and that comes due to the options available here especially with having swap free account plus much more, it’s all picture perfect and very handy to use!

Top Stories
Recent Stories

Register

Newsletter

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.