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04.10.202209:46 Forex Analysis & Reviews: Technical analysis of USD/JPY

USD/JPY:

Exchange Rates 04.10.2022 analysis

The chart shows the movement of USD/JPY in the 30-minute (M30) chart.

The sideways trend, in which the pair has been for almost a week, may end today.

If the quotes test the support level of £144.09 and breaks through it, the new target will be £143.00 per US dollar. But if it tests and breaks down the resistance level of £144.92, the pair will move up, breaking the downward trend.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Daniel Liderman,
Analytical expert of InstaSpot
© 2007-2024
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