Daily USD JPY Technical Analysis 15th November, 2016

USD JPY Technical Analysis

USD JPY Technical Analysis 15th November, 2016

Technical Analysis Overview:

Prev. Close      108.41
Open               108.41
Day’s Range   107.80 – 108.44
52 wk Range   99.08 – 123.69
1-Year Return  – 11.99%

Technical Support and Resistance:

Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 108.23. If, market breaks the first support then it will go for the following support to test. Following supports are 108.04 and 107.86.

On the other side the immediate resistance 108.61. A break beyond the last, doors will open for a test of 108.80 and from there to 108.98.

Expected trading range for today is between 106.74 support and 107.59 resistance.

Along with technical analysis following economic event are very important to analyze the financial market properly.

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