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USDJPY Daily Forecast: November 03
Monday, November 2, 2015 22:42
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USDJPY Forecast
The USDJPY had a moderate bullish momentum yesterday and hit 120.83 earlier today. The bias is neutral in nearest term. Immediate support is seen around 120.00. A clear break below that area could trigger further bearish pressure testing 119.50 region. Key resistance remains around 121.30/48 which remains a good place to sell with a tight stop loss.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-november-03-5
The trend obviously looks bullish especially with major news releasing, it is important that we are careful about everything, as any mistake can be horrible. I really enjoy working on this pair given the potential there is, but still we need to be very careful. I do long term trading and that’s made so much easier with swap free account where I am not required to pay any charges for overnight trades which makes me so much comfortable and it’s provided by OctaFX broker.