USDJPY 9-1-2024

Technical Analysis

By Shady Fouad On Jan 9, 2024

USDJPY 9-1-2024.

Prices have declined after reaching the key resistance level at 145, which was expected to limit the upward movement. In this situation, there is a possibility of testing the support zone around 142. However, if the resistance mentioned earlier is convincingly breached to the upside, we might see a test of the level around 146.5.

Support	143.45	142.80	140.80
Resistance	145	145.5	146

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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