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USDJPY 20-11-2023

Technical Analysis
By Shady Fouad
0 45

USDJPY 20-11-2023

The prices are currently trading within a range of 148.75, showing a temporary sideways movement. There are support zones at this level that have been tested, and an upward rebound is expected. The target is to reach highly significant resistance areas within the range of 152. However, prices face selling pressure in this zone, which limits the upward momentum. It is expected that the selling pressure will continue at the aforementioned resistance area until it is successfully broken above.

Support

 148.75 148.50 147.50
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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