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USDJPY 1-11-2023 .

Technical Analysis
By Shady Fouad
0 46


USDJPY 1-11-2023 .
Prices have risen after testing the first support level in the range of 148.75, USD/JPY pair trades near  critical resistance zones as The upper limit of the ascending channel matches with an important resistance area within the range of 150/152. Prices are facing selling pressure in this area, slowing down the upward momentum. It is expected that selling pressure will continue at the aforementioned resistance area until it is breached upwards .

Support

 148.75 148.20 147.90
Resistance 152 –

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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