USDJPY fell sharply as the U.S Dollar weakened on political issues in the U.S as the investors are concerned about Presidential Election outcome that are due on 8th Nov. As suggested in the previous report, BOJ kept the rate unchanged giving strength to the Japanese currency against it peer currencies.

The US is likely to release its Interest rate, I am expecting an unchanged figure. Well further, US Dollar is expected to get weaker on no rate change.

Fundamentals:
USD:Federal Funds Rate
Forecast: 0.50%
Previous: 0.50%

Technical Levels:
R3: 104.00
R2: 103.76
R1: 103.61
Pivot Point: 103.37
S1: 103.13
S2: 102.98
S3: 102.74

Recommendation:
1- Unchanged FED Rate
Good to Sell Below 103.600
SL: 103.850
TP: 102.95

Scalp - USDJPY

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