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USDJPY Daily Forecast: November 29

Monday, November 28, 2016 22:02
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USDJPY Forecast

The USDJPY had a bearish momentum yesterday bottomed at 111.35 but closed a little bit higher at 111.91. The bias is neutral in nearest term, probably with a little bearish bias retesting 111.35. Immediate resistance is seen around 112.80. A clear break and daily close above that area could trigger further bullish pressure retesting 113.89 region. Overall I remain bullish, but only clear break back at least above 112.80 could eliminate the current bearish correction potential.



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