FX.co ★ Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Tuesday November 14, 2023.

On the 4 hour chart of USD/JPY main currency pairs, there is seems moving inside the Bullish channel, but with the appearance of the deviation pattern between the price movement with RSI indicator gives the clue that in the near future, USD/JPY has the potential to weaken up to the level of 151,22. If this level successfully breaks below, then USD/JPY has the potential to continue its weakness to the level of 150,32, but if on the way to those target levels suddenly USD/JPY reverse back to the initial bias, especially if there is a reinforcement until it breaks above the level 151,93, then all the weakness scenario that has been described before will become invalid and will cancel itself.

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