The USDJPY faces negative pressure – Analysis - 18-11-2021
Economies.com
2021-11-18 05:22AM UTC
The USDJPY pair couldn’t manage to hold above 114.70 level, to trade with strong negativity and test the support base formed above 113.95 after breaching it previously, accompanied by witnessing clear positive signals through stochastic, which makes us suggest witnessing bullish rebound to resume the main bullish trend again.
Therefore, the bullish bias will be expected for today, and the targets begin at 114.70 and extend to 115.50 after breaching the previous level, noting that breaking 113.95 will press on the price to achieve additional decline and visit 113.40 direct before any new attempt to rise.
The expected trading range for today is between 113.50 support and 114.80 resistance
The expected trend for today: Bullish
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