USDJPY Daily Forecast: November 10

USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 101.19 but whipsawed to the upside and hit 105.95 earlier today in a volatile market on US election day which put Donald Trump in the White House. The bias is bullish in nearest term testing 106.70 area but as you can see on my H4 chart below, price is in my “sell zone” where I see any bullish momentum now as a good opportunity to sell with a tight stop loss above 107.50. I have three different multi time frames bias. A bullish short term bias, neutral medium bias and bearish long term bias. Immediate support is seen around 104.50. A clear break below that area could lead price to neutral zone in nearest term testing 103.50 or lower.