USDJPY 31-1-2024

Technical Analysis

By Shady Fouad Last updated Jan 31, 2024

USDJPY 31-1-2024.

Prices are trading in a sideways range between the support zone at 146.5 and the resistance zone at 148.8. If there is a breakout above the resistance zone, the target might be 150.0, and early signs of buying strength may appear with the breakout above the descending trendline within the range of 148.10. However, this scenario could be invalidated with a break below the support zone.

Support	147	146.50	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.

Dollar Traded In Narrow Ranges

USOIL 31-1-2024

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