Sunday 9 November 2014

USDJPY Daily Analysis - November 10, 2014 Forex Analysis

USDJPY remains in uptrend from 105.32, the fall from 115.50 is likely consolidation of the uptrend. Range trading between 113.17 and 115.50 would likely be seen in a couple of days. As long as 113.17 support holds, the uptrend could be expected to resume, and another rise to 117.00 area is still possible. On the downside, a breakdown below 113.17 support will indicate that the uptrend had completed at 115.50 already, then deeper decline to 110.00 area could be seen.



usdjpy chart






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