USDJPY Daily Forecast Nov 12 2015

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Outlook in USDJPY remains on the upside as long as 122.73 support holds on a daily closing basis, resistance comes at the 123.30 levels, a halt is likely, but a break would open 124.50 next, further upside, resistance comes at the 125.30 levels…

On the downside, support comes at the 122.73 levels, below this level faces a pullback risk towards the 122.00/121.60 levels before the next rise…

Conclusion: The USDJPY continues to face upside threats above the 122.73 levels, below 122.73 faces a pullback risk towards the 122.00/121.60 levels before the next rise.

USDJPY Daily Forecast Nov 12 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS