Market Analysis of USDJPY on Friday 11 OCTOBER 2024

2024-10-11 12:41Source:BtcDana

USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW    


USDJPY running in positive trend and its immediate strong support are 146.50 to 147.65 level .  Stop loss is 146 level and it can rise towards 151 level   .Intraday purpose buying is better for targets 148.90,149.05 and 149.20 levels respectively with stop loss 146 level.


QUICK FUNDAMENTAL LOOK                                                                    


USD/JPY chops following mixed U.S. claims, CPI data ,

Resistance at 149.32-40 (mid-Aug highs) caps for now ,

Fed hawk kicks off the Nov skip debate .


 

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

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