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USDJPY Daily Forecast: November 15

Monday, November 14, 2016 20:26
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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 108.54. As you can see on my daily chart below, price broke above the daily EMA 200 suggests a potential bullish outlook. The bias remains bullish in nearest term testing 109.00. A clear break and daily close above that area would expose 111.50 region. Immediate support is seen around 107.75. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 106.75 price is still in a strong bullish phase.

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