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Daily USD JPY Technical Analysis 16th November, 2016

USD JPY Technical Analysis

USD JPY Technical Analysis 16th November, 2016

Technical Analysis Overview:

Prev. Close      109.19
Open                109.19
Day’s Range   108.80 – 109.22
52 wk Range   99.08 – 123.69
1-Year Return  – 11.50%

 

Technical Support and Resistance:

Daily USD JPY  Technical analysis shows USD/JPY pair may find the immediate support at 109.02. If, market breaks the first support then it will go for the following support to test. Following supports are 108.87 and 108.72.

On the other side the market has immediate resistance 109.32. If, market breaks the primary resistance level then, market will go for the new resistance level 109.47 and 109.62.

Expected trading range for today is between 108.80 support and 109.22 resistance.

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

 

Upcoming Important Economic News: (GMT +3)

  1. USD FOMC Member Bullard Speaks
  2. USD PPI m/m
  3. USD Core PPI m/m
  4. USD Capacity Utilization Rate
  5. USD Industrial Production m/m

 

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