USDJPY Daily Forecast Nov 06 2014

Outlook in USDJPY remains on the upside as long as support 114.20 holds on a daily closing basis , resistance comes at the 117.00 levels , a halt is likely , but further upside will aim the 120.00 levels.

On the downside support comes at the 114.20 levels , below this level will turn outlook neutral for retesting 112.47 levels before the next rise.

In all ,as long as support 114.20 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 117.00 levels ahead of the 120.00 levels, below 114.20 will bring pullback towards the 112.47 levels before the next rise.

 

USDJPY Daily Forecast Nov 06 2014

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