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USDJPY Technical Analysis And Forecast Nov 14th


USDJPY Technical Analysis And Forecast Nov 14th

Fundmentals: Japan Capacity Utilization and Industrial Production figures released and made no significant effect on the pair.The market players will be focusing on US Inflation figures which will be released at 08.30.

Technically: Anka created doji candles on Monday and Tuesday indicating indecisive marketplace. The pair is trading between 113.600 ( Our second target of Bearish Shark ) and 114.200. It is well above EMA 50.

  • USDJPY finds buyers at 113.600. A close below 113.600 would confirm a short term reversal, however, fundametals – Diverging policies of Central Banks – are limiting this bearish move.
  • Midterm overview of the pair is strongly bullish. Break above 114.250 would lead the price 114.500, 114.700 and 115.200.
  • Potential pullbacks towards 113.100 – 112.800 can be used as buying opportunites.

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USDJPY Technical Analysis and Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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