yen early reversal signal on weekly chart

usd jpy weekly forecast for 30 nov. to 4 dec 2015
usd jpy this week closed at 122.81 with loss.
yen consolidating in range 121-122 with bearish indicators.
 
on downside 121.6 and 120.75 are strong support zones for yen
and on upside 123.2 and 123.8 will remain strong supply zones.
 
traders hold shorts created on higher levels with stoploss
for targets 121.6 and below in next week.

yen on monthly chart heading towards 126
before long term major correction phase for usdjpy pair.

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Updated: 28/11/2015 — 1:20 PM

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Pramod Baviskar

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