Day-to-day analysis of USD/JPY for November 23, 2016 888011000 110888 Overview The USDJPY pair bounced bullishly after approaching from the 110.00 barrier the other day, moving and rallying upwards above 111.00 levels now. It supports continuation of the main bullish pattern situation in the approaching period, and the cost is most likely to reach the 113.97 level that represents the next primary target of the current bullish wave. Therefore, the bullish bias will still dominate on the intraday and short-term basis supported by the EMA50, unless holding and breaking listed below 109.15 levels. The anticipated trading range for today is in between the 110.25 support and the 112.30 resistance. The product has been provided by InstaForex Business – www.instaforex.com

By | November 23, 2016

Summary The USDJPY set bounced bullishly after approaching from the 110.00 barrier the other day, moving and rallying upwards above 111.00 levels now. It supports extension of the main bullish trend situation in the upcoming duration, and the price is most likely to reach the 113.97 level that represents the next main target of the current bullish wave. The bullish predisposition will still dominate on the intraday and short-term basis supported by the EMA50, unless breaking and holding below 109.15 levels. The expected trading variety for today is in between the 110.25 assistance and the 112.30 resistance.

The material has actually been supplied by InstaForex Business –
www.instaforex.com

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