USDJPY Daily Forecast Nov 29 218

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Dollar - Yen -final 65968545

USDJPY: Around Critical Support 113.40…

As long as 113.40 support holds on a daily closing basis, the USDJPY remains on the upside to 114.20 level. A halt is likely, it may test 113.83 before attempts breaking above 114.25. However; above 114.25 aims 114.75, further upside, resistance comes at 115.30 level.

1-A failure to bold above 113.80 – close of Nov 9, 2018 – could mean a return to 113.40 level.

2- The pair may spike to 114.20 before ending the day below 113.80…

On the downside, below 113.40 sees pullback threats to 112.73, further down, support comes at 112.29 level ahead of 111.75 level.

Conclusion: The USDJPY sees upside threats above 113.40 levels.

Support: 113.40, 112.73, 112.29, 111.75

Resistance: 113.80, 114.20, 114.75, 115.30

Key data/events which may affect USDJPY today:

The Fed will publish the minutes of its November meeting at 19:00 GMT.

USDJPY Daily Forecast Nov 29 218

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