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USDJPY 6-11-2023 .

Technical Analysis
By Shady Fouad
0 73


USDJPY 6-11-2023 .

Prices are currently trading in a sideways pattern between the support region around 148.75 and crucial resistance levels. where The upper limit of the channel coincides with the important resistance zone in the range of 150/152. At this area, prices are facing selling pressure, hindering the upward momentum. It is expected that the selling pressure will persist at the aforementioned resistance zone until it is breached upwards.

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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