Market Analysis of USDJPY on Monday 24 July 2023

2023-07-24 20:04Source:BtcDana

USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW    

      It is running in positive trend and it is running in wave 3 so it can jump towards152 levels non stop .Important support  area is 140.16  to 140.85 level as shown in graph.Stop loss is 139.60 and it can jump upside above 143 levels without touch 139.60 .It is running presently near to strong support area so intraday or positional buying can be taken with stop loss 139.60 for upside rally.

 QUICK FUNDAMENTAL LOOK                                                                     

The dollar and euro made firm starts on Monday to a week full of central bank meetings, while the yen was struggling on investor expectation the Bank of Japan will be the odd one out as policymakers hike rates in Europe and the United States.

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

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