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USDJPY Daily Forecast: November 14

USDJPY Daily Forecast: November 14
Monday, November 13th, 2017 @ 11:28 pm by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. Price has been moving sideways between 114.50 – 113.20 range area for the last three weeks suggests a consolidation phase. The bearish pin bar scenario on daily chart remains valid, but need a clear break below 113.20 to continue the bearish scenario testing 112.50 – 111.65 support area. On the upside, 114.50 remains a key resistance and good place to sell with a tight stop loss. Overall I remain neutral.

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