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Daily USD JPY Technical Analysis 18th November, 2016

USD JPY Technical Analysis

USD JPY Technical Analysis 18th November, 2016

Technical Analysis Overview:

Prev. Close      110.12
Open               110.12
Day’s Range   109.98 – 110.69
52 wk Range   99.08 – 123.69
1-Year Return  – 10.94%

Technical Support and Resistance:

Daily USD JPY Technical analysis shows USD/JPY pair may find the immediate support at 109.96. If, market breaks the first support then it will go for the following support to test. Following supports are 109.80 and 109.65. On the other side the market has immediate resistance 110.26. If, market breaks the primary resistance level then, market will go for the new resistance level 110.42 and 110.57.

Expected trading range for today is between 109.98 supports and 110.69 resistance.

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

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