USDJPY 18-12-2023

Technical Analysis

By Shady Fouad On Dec 18, 2023

USDJPY 18-12-2023.

Prices are trading in a short-term downtrend, testing a crucial support zone at 141.50. It is likely that this area will limit the downward momentum. However, in the event of breaking the previously mentioned support zone, we may witness a sharp decline.

Support	141.50	139.5	138
Resistance	146.50	147.20	148.50

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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