USD/JPY Forecast November 1, 2016, Technical Analysis

The USD/JPY pair rallied during the course of the session on Monday, breaking above the 105 level at one point. Ultimately, the market looks as if we are ready to go higher though, and with that I think could very well reach to the 107 level given enough time. It is not going to be an easy move though, so at this point in time you have to be prepared to deal with a lot of volatility going forward. I believe that the 104 level below is massively supportive. Because of this, I am “long only” when it comes to this market.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com