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Daily USD JPY Technical Analysis 23rd November, 2016

USD JPY Technical Analysis 23rd November, 2016

USD JPY Technical Analysis 23rd November, 2016

Technical Analysis Overview

Prev. Close 111.16
Open 111.16
Day’s Range 110.95 – 111.18
52 wk Range 99.08 – 123.67
1-Year Return – 9.53%

Technical Support and Resistance

Daily USD JPY Technical analysis shows USD JPY pair may find the immediate support at 111.02. If, market breaks the first support then it will go for the following support to test. Following supports are 110.91 and 110.81. On the other side the market has immediate resistance 111.22. If, market breaks the primary resistance level then, market will go for the new resistance level 111.33 and 111.43.
Expected trading range for today is between 110.95 supports and 111.18 resistance.

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

Due to Bank holiday in Japan there are no economic events for today.