USD/JPY: A BIG Fall Ahead ? Let’s See ! (05.Nov.2023) – (Japanese Yen)

U.S Dollar / Japanese Yen Analysis : By examining the USD/JPY chart , we see that the price in the Daily time frame has finally reached its highest price level in the last year, of course, before that high, the last time the price was traded in this range was in the year 1990, So we see that the value of the Japanese yen compared to U.S dollar has reached its lowest level in the last 33 years! Now, as you can see, if the price can break the support of 148.825 and stabilize below it, we will probably see a further drop of the price! The possibility of moving to collect liquidity above the ceiling of 151,940 is not low! Currently, my general view on this symbol is Bearish unless proven otherwise! (SHORT)
(This Post on TradingView)

Author : Arman Shaban

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