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Sunday, November 28, 2010

USD/JPY Weekly Outlook November 29- December 3

Sunday, November 28, 2010
Forex Trading USD/JPY Weekly Outlook November 29- December 3USD/JPY jumped to as high as 84.17 last week and closed strongly. Initial bias remains on the upside this week and further rise should be seen to 85.92 cluster resistance (38.2% retracement of 94.97 to 80.29 at 85.89) next. On the downside, break of 82.78 support is needed to indicate topping. Otherwise, outlook will remain bullish

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