USDJPY

6 Nov 2017 02:15 PM

The pair is facing strong resistance on the intraday basis at 114.50 which we expect to retreat from it and test the support level of 112.95, and with breaking it, we could see double top pattern, and we expect it to continue falling to 111.35. In addition to the negative divergence on the RSI indicates the weakness of the rise.

Tags: USDJPY

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