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USDJPY Daily Forecast: November 17

Wednesday, November 16, 2016 19:32
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Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

USDJPY Forecast
The USDJPY was indecisive yesterday formed a Doji on daily chart. Overall price is still in a strong bullish phase, but a Doji after a bullish run suggests a potential consolidation phase, or even a bearish correction warning. The bias is neutral in nearest term. Immediate support is seen around 108.50. A clear break below that area could trigger further bearish pressure testing 108.00 or lower. On the upside, we need a clear break and daily close above 109.75 to continue the bullish scenario targeting 111.50.



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