November 16, 2014

Forex Forecast for Monday (2014.11.17)

We've seen strong capital flows into USDJPY and out of USDCAD.

Bullish: USDJPY (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 116.27 to 117.08

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.1233 to 1.1328

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