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USDJPY Daily Forecast: November 09
Sunday, November 8, 2015 19:57
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USDJPY Forecast
The USDJPY had a significant bullish momentum last week broke above 121.30/48 key resistance and hit 123.46 earlier today. The bias remains bullish in nearest term testing 124.00/50 area. Immediate support is seen around 123.00. A clear break below that area could lead price to neutral zone in nearest term testing 122.70 but overall I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-november-09-5
At the moment this pair really is not having clear movement for me at least to trade which is why I believe that we need to be waiting for the right moment to work. I usually prefer doing long term trading and that’s helped a lot thanks to OctaFX broker due to their swap free account option, it’s really good and helps me trade so much easier which is why I really like trading them while rest is helped by this lovely site.