DAILY FOREX MARKET BRIEFING: USDJPY MOVE WITH A BEARISH TONE
November 26/2021
Today the market performance of the dollar against the Japanese yen saw an increasing inflow of bearish moves, following the rejection of price above the ¥l15.84s resistance line. While it's assumed that the greenback has been gaining ground against its other major currency pairs ever since the inception of this week yet it seems trading with a bullish price action with the Japanese yen aren't welcome in the market today.
Across boards, the positive performance of the Dollar against the other had reversed to the opposite as technical analysis indicate signs that the US dollar could like be heading to the negative side in the near term. However, Friday 26 November saw incredible numbers of red candlestick lovers coming in to take the horns from the bulls.
In the near term, the general trend direction of the Dollar will be resuming to the bearish zone.
November 26/2021
Today the market performance of the dollar against the Japanese yen saw an increasing inflow of bearish moves, following the rejection of price above the ¥l15.84s resistance line. While it's assumed that the greenback has been gaining ground against its other major currency pairs ever since the inception of this week yet it seems trading with a bullish price action with the Japanese yen aren't welcome in the market today.
Across boards, the positive performance of the Dollar against the other had reversed to the opposite as technical analysis indicate signs that the US dollar could like be heading to the negative side in the near term. However, Friday 26 November saw incredible numbers of red candlestick lovers coming in to take the horns from the bulls.
In the near term, the general trend direction of the Dollar will be resuming to the bearish zone.
