USDJPY analysis for 18.11.2020
Trade Balance was released in Japan and it came more than forecasted. JPY is moving strong against USD.
The support reached 103.760 with resistance at 104.190. Both lines are below the weekly pivot point at 104.500. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and 200. All indicators are showing strong bearish signs.
Sellers can target 103.500.