Wednesday 2 November 2016

USDJPY Daily Analysis - November 3, 2016 Forex Analysis

USDJPY broke below 103.16 support, indicating that the upward movement from 100.08 (Sep 27 low) had completed at 105.53 already. Deeper decline could be expected after a minor consolidation, and next target would be at 101.00 area. Resistance is at 104.25, as long as this level holds, the downtrend will continue.

usdjpy chart


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