7 July 2023 Market Analysis For USDJPY

2023-07-07 19:30Fonte:BtcDana

USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW   U.S. Nonfarm Payrolls SPECIAL REPORT

      It is running in positive trend and it is running in wave 3 so it can jump towards146 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 without touch the support ,if it comes in support then we can buy more position for upside targets 146 above .Intraday stop loss is 140.50 for upside target 146 above.

 Overview      

       A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

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