10 July 2023 Market Analysis For USDJPY

2023-07-10 19:06Source:BtcDana

USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW                                                        It is running in positive trend and it is running in wave 3 so it can jump towards148 levels non stop .Important support  area is 140.66  to 142.37 level as shown in graph.Stop loss is 139.22 and it can jump upside after touch the support ,if already  came in support so now  we can buy  it for upside targets 148 above .Intraday stop loss is 140.50 for upside rally.

QUICK FUNDAMENTAL LOOK                                                                                 USD/JPY retraces down large, move over or just started?USD/JPY off large Friday, 144.20 in Asia to 142.07 EBS in NY

Already on way down into US payrolls data, NFP +209K, +225k eyed

Weaker than eyed data led to more losses, but labour market still tight.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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