USDJPY Daily Forecast Nov 20 2018

Dollar -Yen 65985656

USDJPY: Bearish, Eyes The 112.20 Level…

As long as 112.63 resistance holds on a daily closing basis, the USDJPY remains on the downside to 112.20 level, A halt is likely, it may test 112.63 before attempts to break below 112.20. Anyway; a cut below 112.20 aims 111.65 level, further down, support comes at 111.05 ahead of 110.50 level.

On the upside, above 112.63 sees recovery threats to 113.62 before another fall. A breakthrough resistance will reverse risk to the upside to 114.20/114.50 level.

Conclusion: The USDJPY sees downside threats below 113.62 level.

Support: 112.20, 111.65, 111.05, 110.50

Resistance: 112.63, 113.63, 114.20, 114.55

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