Sponsors

USDJPY Weekly Analysis - November 29, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 November 2015 07:27 UTC
USDJPY remains in short term uptrend from 118.16, the fall from 123.75 is likely consolidation of the uptrend. Further rise to test 125.85 resistance is still possible, a break of this level will signal resumption of the long term uptrend from 75.57 (Oct 31, 2011 low), then next target would be at 135.00 area. Near term support is at 122.00, only break below this level could bring price back to 118.00 zone.

usdjpy chart

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.