The USDJPY is recovering – Analysis - 16-11-2023
2023-11-16 04:08AM UTC

The USDJPY pair traded positively yesterday to breach 150.95 and settles above it, to stop the negative pressure that dominated the recent trades and head towards achieving expected gains on the intraday and short-term basis, and the price needs to surpass 151.70 to confirm opening the way to visit 152.50 as a next main target.


Holding above 150.95 is important to continue the expected rise, as breaking it represents negative factor that will push the price to achieve some bearish correction before turning back to rise again.



The expected trading range for today is between 150.60 support and 152.00 resistance


The expected trend for today: Bullish

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