USDJPY Daily Forecast Nov 13 2015

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Outlook in USDJPY has turned┬áneutral at the moment, the pair remains in a pullback mode as long as trades below 123.25 levels on a daily closing basis, and further down towards the 122.00/121.60 levels couldn’t be ruled out before the next rise, below 121.60 will extend the pullback towards the 119.90 levels.

On the upside, resistance comes at the 123.26 levels, above this level will restore the upside momentum and open the 124.50 levels, further upside, resistance comes at the 125.35 levels.

Conclusion: The USDJPY continues to face pullback risks below 123.26 levels, above 123.26 will restore the upside momentum and open the 124.50 levels.

USDJPY Daily Forecast Nov 13 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS