USDJPY: Consolidates With Upside Bias…
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
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