The USDJPY under the negative pressure – Analysis - 15-11-2023
2023-11-15 03:47AM UTC

The USDJPY pair bounced downwards clearly after the consolidation of 151.70 level against the price, to break 150.85 and settles below it, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting 149.80 followed by 148.85 levels initially.


Therefore, we expect to witness more decline in the upcoming sessions, supported by moving below the EMA50, noting that breaching 150.95 will stop the current negative pressure and lead the price to resume the main bullish trend again.



The expected trading range for today is between 149.80 support and 151.20 resistance


The expected trend for today: Bearish

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