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FX.co ★ Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Thursday, November 30, 2023.

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Forex Analysis:::2023-11-30T05:01:15

Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Thursday, November 30, 2023.

Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Thursday, November 30, 2023.

On the 4 hour chart, USD/JPY currency pairs seems there is a price movement under WMA 30 Shift 2 that has the downward slope where this means that Sellers is dominating USD/JPY and confirmed by the breaking under the 3 important level from CCI indicator (10, 0, -100) so that it is more convincing that the Seller position is currently quite dominating on USD/JPY. So, based on those facts, as long as there is no upward correction that exceed the level 150,00, USD/JPY still has the potential to go down up to the key level area of 144,95.

(Disclaimer)

Analyst InstaForex
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