USD/JPY Forecast November 9, 2016, Technical Analysis

The USD/JPY pair broke above the 105 level during the day on Tuesday, as we have a significant amount of resistance above. If we can break above the 105.50 level, that’s a very bullish sign and should start the market looking for the 107 level. Pullbacks at this point in time should have quite a bit of support below due to the gap, and because of that I think that we will eventually break out to the outside but will probably have to fight through quite a bit of noise above now. - 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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