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USDJPY 2-11-2023 .

Technical Analysis
By Shady Fouad
0 78


USDJPY 2-11-2023 .

The prices are trading near the lower boundary of the upward channel after falling from important resistance levels. The upper limit of the channel matches with the crucial resistance zone around 150/152 range. Prices are facing selling pressure in this area, limiting the upward momentum. It is expected that the selling pressure will persist at the aforementioned resistance zone until it is successfully penetrated to the upside.

Support

 148.75 148.20 147.90
Resistance 152 –

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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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