USD/JPY Outlook (6 November 2019)

2019-11-06 12:08:54

Overall, USD/JPY has been trending upwards. The release of the positive U.S. ISM non-manufacturing PMI data sent USD/JPY trending higher, presenting buying opportunities for USD/JPY.
Currently, USD/JPY is testing the key level of 109. USD/JPY next support level is at 108.200 and the next resistance level is at 110.500.