USDJPY 11-12-2023

Technical Analysis

By Shady Fouad On Dec 11, 2023

USDJPY 11-12-2023.

The prices have rebounded from strong support areas within the range of 141.50. Currently, they are trading above the resistance zone at 144.50. If USD/JPY remains stable above these levels, we may target 147. This scenario is negated if the price breaks below 144.50 again.

Support	144.5	141.5	138
Resistance	147	148.5	150

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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