USD/JPY Forecast November 10, 2016, Technical Analysis

The USD/JPY pair initially collapsed during the day on Wednesday in reaction to the surprise presidential election, but as you can see ended up turning around in forming a massive hammer. We are now where we started essentially, and as a result it looks very likely that we will continue to grind towards the upside, perhaps reaching towards the 107 handle. With this, I am a buyer of short-term pullbacks and believe that we will eventually gain quite a bit to the upside in this market. I have no interest in selling due to the reaction. - 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.

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