The USDJPY extends the bearish correction – Analysis - 21-11-2023
2023-11-21 04:10AM UTC

The USDJPY pair succeeded to achieve the main waited target at 148.30, noticing that the price begins today with additional decline to break this level and confirm extending the correctional bearish wave, to open the way to head towards 146.17 areas as a next negative station.


Therefore, the bearish trend will remain suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 148.30 will push the price to attempt to build bullish wave and regain the main bullish trend again.



The expected trading range for today is between 146.90 support and 148.40 resistance


The expected trend for today: Bearish

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