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Bull bias

USDJPY Bullish

A Thursday dip and a strong advance from just below 108.79 support (off of 108.62), to a new recovery peak above the key 109.29/32 resistance levels, confirming bullish pressures from the early November surge, to aim higher again Friday.

For Today:

  • We see an upside bias for 109.60/62; break here aims for 109.93, maybe 110.34
  • But below 109.03/01 opens risk down to 108.62.
by Steve Miley November 8, 2019
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