USDJPY Daily Forecast: November 15
USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall I remain bullish but the bearish pin bar scenario remains valid. Immediate support is seen around 113.00. A clear break and daily close below that area would retest the trend line support and 112.00 region which is a good place to buy with a tight stop loss as a clear break below the trend line support would invalidate the major bullish outlook. On the upside, we need a clear break above 114.20 to invalidate the bearish pin bar scenario and resume the bullish run testing 114.70 – 115.50 region.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-november-15-7
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