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USDJPY Daily Forecast: November 30

Tuesday, November 29, 2016 19:57
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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 113.33 but closed lower at 112.37. The bias is neutral in nearest term probably with a little bearish bias testing 111.50 support area. A clear break and daily close below 111.50 would expose 110.00 region. Immediate resistance is seen around 112.80. A clear break above that area could trigger further bullish pressure testing 113.30 region. Overall I remain bullish, but we need a clear break and consistent movement at least above 112.80 – 113.30 to continue the bullish scenario.



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