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USDJPY 20 Nov 2023

USDJPY 20 Nov 2023 on the Daily timeframe. This pair seems to continue a good trend, experiencing bullish since the beginning of the month until it touched the 151.772 price position before finally bouncing down. Experiencing bearish after touching the resistance line, but the pair is still seen above the kumo on the ichimoku indicator. If the bearish trend continues until it breaks the kumo, then go-short could be an option. However, when the pair reverses the trend due to oversold, go-long will be the right choice. Keep an eye on the market movements and consider all possibilities before making a trading decision.

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