Price Action

Thursday, November 16 2023
USD/JPY
03:29 pm (GMT +0200)
30 minutes Timeframe

After USDJPY has achieved the forecasted take-profit level at 151.072, the next support levels are seen at 151.040 and 150.977.

Should the pair manage to exceed the resistance level at 151.293, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
151.072

direction
Target 2
151.040

direction
Target 3
150.977

direction
Target 4
150.898

entry
Entry
151.135
entry
Stop Loss
151.293

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
USD/JPY
03:29 pm (GMT +0200)
30 minutes Timeframe

After USDJPY has achieved the forecasted take-profit level at 151.072, the next support levels are seen at 151.040 and 150.977.

Should the pair manage to exceed the resistance level at 151.293, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
151.072

direction
Target 2
151.040

direction
Target 3
150.977

direction
Target 4
150.898

entry
Entry
151.135
entry
Stop Loss
151.293

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction