USDJPY Daily Forecast: November 16
USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 113.09 but closed higher at 113.62, printed a bullish pin bar as you can see on my daily chart below. While the bearish pin bars formation printed at 114.20 resistance remains valid and still suggests potential bearish correction, the appearance of bullish pin bar in a major bullish trend has greater importance. The bias is bullish in nearest term testing 114.00 – 114.20 area. Immediate support is seen around 113.00. A clear break below that area would invalidate the bullish pin bar scenario targeting the trend line support and 112.00 support area which remains a key support and good place to buy with a tight stop loss as a clear break below the trend line support would invalidate the major bullish outlook.
Source: https://fxinstructor.com/blog/usdjpy-daily-forecast-november-16-8
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).