Sponsors

USD/JPY Forecast November 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 November 2015 07:32 UTC

The USD/JPY pair rose during the course of the day on Monday, as the 120 level continues offer a significant amount of support. We believe that this market ultimately will break out above the top of the recent consolidation area, but that’s not until we get above the 121.50 level. Once we do, this market will then head to the 125 handle. Pullbacks at this point in time should continue to be buying opportunities though, as we see a significant amount of support below and not only one 20 handle, but also the 118.50 level.

USD/JPY Forecast November 3, 2015, Technical Analysis

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.