USDJPY 19-12-2023

Technical Analysis

By Shady Fouad On Dec 19, 2023

USDJPY 19-12-2023.

Prices are trading in a short-term downtrend, where they bounced from the crucial support zone at 141.50. It is likely that we will see a test of resistance zones within the range of 147.00. 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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