USD/JPY Signal - USD OPEC Meeting - 30 Nov 2020

USD/JPY is trading to the upside today prior to USD OPEC Meeting . The mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. It is held in Vienna and it is attended by representatives from 13 oil-rich nations. Technically the pair is trading below the 50 moving average, and we anticipate further upside on the USD/JPY into the 104.45 level.