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USDJPY Daily Forecast: November 16

Tuesday, November 15, 2016 18:17
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(Before It's News)

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 109.33. The bias remains bullish in nearest term testing 110.00 area before targeting 111.50 region. Immediate support is seen around 108.50. A clear break below that area could lead price to neutral zone in nearest term testing 108.00 but as long as stay above 106.75 price is still in a strong bullish phase and any downside pullback should be seen as a good opportunity to buy.

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  • We have really seen this pair work up seriously high, but now we can be certain of reverse, but how far and when it’s going to be there is the question that needs to be asked. I am forever ready and due to OctaFX broker with their cTrader mobile platform, I am able to do it fairly easily which is why I find it so rewarding and also keeps me entirely at ease and relaxed with everything, so I can perform nicely without any trouble.

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