DAILY MARKET OUTLOOKUpdate Time: 13 Nov 2015 09:29 GMT
USD/JPY - 122.77
Although yesterday's intra-day breach of support at 122.74 signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 123.30/40 may be seen, reckon 122.00 (previous resistance, now support) would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
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