USDJPY Daily Forecast Nov 28 218

Dollar -Yen 986545

USDJPY: Bullish With Risk To 114.25 Level…

As long as 113.40 support holds on a daily closing basis, the USDJPY remains on the upside to 114.20 level. A halt is likely, it may test 113.83 before attempts breaking above 114.25. However; above 114.25 aims 114.75, further upside, resistance comes at 115.30 level.

1-A failure to bold above 113.80 – close of Nov 9, 2018 – could mean a return to 113.40 level.

2- The pair may spike to 114.20 before ending the day below 113.80…

On the downside, below 113.40 sees pullback threats to 112.73, further down, support comes at 112.29 level ahead of 111.75 level.

Conclusion: The USDJPY sees upside threats above 113.40 levels.

Support: 113.40, 112.73, 112.29, 111.75

Resistance: 113.80, 114.20, 114.75, 115.30

Key data/events which may affect USDJPY today:

The U.S will publish revised data on third-quarter growth at 13:30 GMT, and a report on new home sales at 15:00 GMT.

Fed Chairman Jerome Powell will speak in New York at 17:00 GMT.

MARKET DATA

UPCOMING ECONOMIC EVENTS