17 November 2023, USD/JPY
USDJPY has been bearish for the majority of yesterday, specifically on November 15, 2023. This trend is more evident in the lower timeframe, particularly the 4-hour timeframe. The pair is currently in a corrective phase, with the price forming the minor wave 'a,' and our target for this minor wave 'a' is the support zone of 146.36. Throughout today, we anticipate a continued bearish trend, expecting the price to drop towards 146.36. You may consider placing a short position, with your profit target set at 146.36.
Trade Recommendations:
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