Daily Technical Report 12-3-2024

Technical Analysis

By Shady Fouad On Mar 12, 2024

USDJPY

Prices are trading below resistance levels in the range of $147.8. If the prices break above these levels, it is expected to target $149.50. This scenario would be invalidated if the prices break below the support zone of $146.40.

Support	146.40	145.85	145
Resistance	147.80	148	148.60

USOIL

Prices are trading in a sideways range between $75.70, a significant support zone, and $80. If prices break above $80, we may target $83.

Support	76.5	75.7	74
Resistance	77.80	79.5	80.5

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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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