USDJPY continues to trade bullish on Monday, affirming its continuing 5th-day bullish impulse. On Friday, the pair traded in a tight range and kept trading nearby 106.850 as the USD kept growing on Trump elected as a president.
Today on Monday, the exchange has again opened with huge gaps as investors are yet aggressively acquiring USD. Overall the high to low transition remained 89 pips. On Friday, the pair lost 22 pips from an opening price of 106.816…

Fundamentals:
JPY
• 10-y Bond Auction
• Leading Indicators
USD
• JOLTS Job Openings
• Presidential Election
• Congressional Elections

Technical Levels:

R3: 108.10
R2: 107.76
R1: 107.56
Pivot Point: 107.23
S1: 106.89
S2: 106.69
S3: 106.36

Recommendation:

Sell below 108.25
Take Profit
• 1st @ 107.45
Stop Loss @ 108.55

USDJPY - Chart

One thought on “USDJPY– Daily Market Updates (14th Nov, 2016)”

  1. Maryna says:

    Thank you so much for all your excellent scalps and posts and learning a lot from you. I see you also use a Daily Average range and I started using one very recently and a nice indicator to have.

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