USD/JPY Forecast November 11, 2014, Technical Analysis

The USD/JPY pair rose during the session on Monday, banging into the 115 level. The pair has been very bullish lately, and we think this should continue. We recognize that the level should be resistive, but also feel that eventually we will break out above that area as we have tested it several times now. We recognize that the US dollar is the favored currency of traders around the world, and that more than likely will not change anytime soon. We believe that buying this market every time he dips is the best way to go going forward.

 

USD/JPY Forecast November 11, 2014, Technical Analysis