Published on Nov 7, 2016
The
US dollar gapped higher against the Japanese yen at the open on Monday
as the news hit the wires on Sunday that the FBI was not going to press
charges against Hillary Clinton. Because of this, there was a renewed
faith in the US dollar, and we continue to go higher. It looks as if we
are trying to reach towards the 105 level, which is a massive resistance
barrier that has been tested before. If we can break above there, I
feel that the market will continue to go higher. At that point, the
market could very well reach towards the 107 level above which has been
resistance in the past. Ultimately, pullbacks should continue to offer
support, as the 102.50 level is essentially the “floor” in this market.Live News Channels
Al Jazeera: DW News: France 24: Sky News: Euronews in english: Arirang TV:
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