USDJPY and AUDUSD Forecast November 24, 2017 USDJPY and AUDUSD Forecast November 24, 2017
The US dollar did very little against the Japanese yen during the trading session on Thursday, which would not be a huge surprise considering that the Americans would have been away for Thanksgiving. After a massive move to the downside on Wednesday, and more importantly a slice below the 112 handle, it looks likely that the market is ready to go towards the bottom of the overall consolidation longer term. The 108 level is the bottom of the consolidation, and I believe that the 114.50 level above is the beginning of significant resistance. Because of this, I think that this market is going to offer a trading opportunity to the downside, at least for the next couple of weeks.
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