USDJPY Daily Forecast Nov 25 2015

Short term outlook in USDJPY has turned to the downside cautiously, immediate resistance comes at the 122.95 levels (main), stability below resistance levels will keep the pair under pressure, however; support comes at the 122.30 levels, below the 122.30 levels will open 121.90 levels, a halt is likely, but a cut will turn focus on the 121.40 levels, further down, support comes at the 120.85 levels.

On the upside, immediate resistance comes at the 122.95 levels, a break will restore the upside momentum and open the 123.66/124.00 levels…

Conclusion: The USDJPY continues to face downside threats in the short term below 122.95 levels, above 122.95 will restore the upside momentum and open the 123.66/124.00 levels…

USDJPY Daily Forecast Nov 25 2015

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