Today News: USD/JPY [9 Nov 2021] - Dailyforextrading.net

USD/JPY probes three-day downtrend
above 113.00

USD/JPY refreshes intraday low to 113.20, down
0.03% on a day following a three-day
downtrend as Tokyo opens

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USD/JPY breaks range and drops to
one-month lows near 113.00

The USD/JPY is falling on Monday for the third day
in a row and it reached at 113.07, the
lowest level since October 12

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USD/JPY drops to 113.10

USD/JPY passed previous low level zones before
consolidating by retracing back up to
the 113.66 level.

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USD/JPY to plunge towards the 111.66
July high on a close below 113.26

USD/JPY stays relatively quiet around mid-113.00s on Monday.
Karen Jones, Team Head FICC Technical
Analysis Research at Commerzbank

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Japanese Yen Technical Analysis: USD/JPY

USD/JPY made a high in mid-October at 114.701 that was
just shy of the November 2017 peak of 114.735. These
2 levels may offer resistance on a move higher.

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USD/JPY Technical Outlook is
Shape-shifting

Last week we were discussing the developing wedge formation
in USD/JPY. That pattern didn’t really form a tight apex
and is on the verge of getting busted

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