USDJPY 29-1-2024

Technical Analysis

By Shady Fouad On Jan 29, 2024

USDJPY 29-1-2024.

Prices are currently trading in a sideways range between the support area at 146.5 and the resistance zone at 148.8. If there is a breakout to the upside, the next target could be 150.0. However, this scenario would be invalidated if the support area is broken to the downside.

Support	147.65	147	146.3
Resistance	148.35	148.80	149.50

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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