USDJPY Daily Forecast Nov 04 2015

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Outlook in USDJPY remains on the upside as long as 121.00 support holds on a daily closing basis, resistance comes at the 122.00 levels, a halt is likely, but a break would open 123.30 next, further upside, resistance comes at the 124.50 levels…

On the downside, support comes at the 121.05 levels, below this level faces a pullback risk towards the 119.90 levels before the next rise…

Conclusion: The USJPY continues to face upside threats above the 121.05 levels, below 121.05 faces a pullback risk towards the 119.90 levels before the next rise.

USDJPY Daily Forecast Nov 04 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS