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USDJPY Daily Forecast: November 23

Tuesday, November 22, 2016 20:54
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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall price is still in a bullish phase, but need a clear break at least above 111.35 to continue the bullish scenario targeting 113.50 this week. Immediate support is seen around 110.50 followed by 109.80. I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

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  • I guess we might just see things remain very much neutral during next few weeks till the December hike thing, so then is where things are going to be decided further. I bet it’s going to be very exciting time ahead but only if we keep our self into right frame of mind. I do that easily with support of my broker OctaFX which is just too good having low spreads from 0.1 pips for all major pairs while there is huge rebate program where I get 50% back on all trades.

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