USDJPY Daily Forecast: November 14
USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term. Overall I remain bullish but we have two consecutive bearish pin bars as you can see on my daily chart below suggests a potential bearish correction. Immediate support is seen around 113.50. A clear break below that area could trigger further bearish pressure testing 113.00 or lower. 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-14-7
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