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01.11.202214:57 Analisis Forex & Kajian: Short-term technical analysis on USDJPY update.

Exchange Rates 01.11.2022 analysis

Red line- channel resistance

Blue rectangle- horizontal resistance area

Yesterday we posted our analysis on USDJPY and warned traders that price was approaching a very important resistance area. We also warned that the upside bounce was only a pause to the downtrend that has started with the top at 152 according to the new lower low by the RSI. USDJPY got rejected at the resistance of 148.90 and is now moving lower. There are increased chances of seeing a lower low below 145.12 over the coming sessions. As long as price is below the blue resistance area we remain short-term bearish.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Alexandros Yfantis,
Analytical expert of InstaSpot
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