empty
 
 
23.10.2023 07:27 AM
USDJPY Day I Reacting off Resistance?

This image is no longer relevant

The USD/JPY chart has a weak bearish momentum with low confidence, and there's a potential scenario of a bearish move towards the 1st support at 144.94, which aligns with an overlap support. On the resistance side, the 1st resistance at 150.13 is a multi-swing high resistance, and beyond that, the 2nd resistance at 152.72 is a swing high resistance, coinciding with the 100% Fibonacci Projection.

Dean Leo,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback