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USDJPY Buy Limit: 113:25, Take Profit 1: 114.10, Take Profit 2: 114:85, Stop Loss: 112.20

USDJPY Technical Analysis November 2018

1/5 (49 reviews)
Nov 13, 2018 admin
Click image to enlarge
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.
Tags: Usdjpy usdjpy Analysis forex Analysis daily Forex Analysis daily Forex Bonus

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Analysis Details

ProductUSDJPY
Recommendation Buy Limit: 113:25, Take Profit 1: 114.10, Take Profit 2: 114:85, Stop Loss: 112.20
Analystadmin
PublishedNov 13, 2018
Rating