USDJPY Weekly Forecast Nov 16 2015

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Outlook in USDJPY has turned neutral with risk to the upside, support comes at the 122.42 levels, a failure to hold below the 122.42 levels could mean a return to the 123.30 levels, a break would open 125.67 levels, further upside, resistanc comes at the 127.90 levels.

On the downside, support comes at the 122.42 levels, below this level faces a pullback risk towards 118.50 levels before the next rise…

Conclusion: Despite the recent pullback, the USDJPY continues to face upside threats above 122.42 levels in the medium term forecast, below 122.42 faces a pullback risk towards the 118.50 levels before the next rise.

USDJPY Weekly Forecast Nov 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS