USDJPY Technical Analysis November 2018

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  • Trading Instrument : USDJPY
  • Analysis : USDJPY has reached the target and completed the bullish wave; possibly, the price may be corrected towards 113.35 and then resume the bullish movement towards 114.85. According to 4 hours and 1d chart, the pair is moving above 100MA and 200MA. The last two weekly bullish closings of USDJPY indicated the signs of a future bullish trend. However, the lower time frames of USDJPY are looking week so there is a strong possibility of 50 to 70 pips downtrend in the pair.
  • USDJPY Technical Analysis November 2018
  • Recommendations : Buy Limit: 113:25, Take Profit 1: 114.10, Take Profit 2: 114:85, Stop Loss: 112.20
  • Tags : Usdjpy,usdjpy Analysis,forex Analysis,daily Forex Analysis,daily Forex Bonus