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USDJPY 16-10-2023 .

Technical Analysis
By Shady Fouad
0 52

USDJPY 16-10-2023 .
Prices continue to trade within the ascending channel, were the upper boundary of the channel matches with a significant resistance area at the 150.50 zone. Prices are facing selling pressure at this level, which is limiting the upward momentum. It is expected that the selling pressure will persist at the aforementioned resistance area until it is successfully breached.

Support

 148.30 147.90 147.15
Resistance 194.30 150

152
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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