USDJPY Daily Forecast Nov 17 2015

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Outlook in USDJPY remains on the upside as long as 122.20 support holds on a daily closing basis, resistance comes at the 123.25 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 122.20 levels, below 122.20 faces a pullback risk towards the 121.25 levels before the next rise, further down will extend the pullback towards the 119.90…

Conclusion: The USDJPY continues to face upside threats above the 122.20 levels….

USDJPY Daily Forecast Nov 17 2015

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UPCOMING ECONOMIC EVENTS