FOREX FORECAST FOR 19TH OF NOVEMBER, 2012.
Money and Finance

FOREX FORECAST FOR 19TH OF NOVEMBER, 2012.




Today on the 1 hour chart, the price of USD/JPY is on an upwards trends and has touched the resistance line 81.45. Next week Monday 19Th Of November, 2012, we are expecting the upwards movement to continue and break the resistance line 81.45. But our focused point is the pivot point marked with thick black line 80.89.

RECOMENDATION : Buy if the price break the resistance level line 81.45 and is heading upwards with a stop loss place a little below the  81.45 resistance level and take profit set at 81.78

Sell if the price break the support line 80.89 and its moving downwards with your stop loss place a little above the  80.89 support line and take profit at level 80.11 and 79.35 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 




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