11 July 2023 Market Analysis For USDJPY

2023-07-11 19:03Fonte: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 139.18  to 141.43 level as shown in graph.Stop loss is 137.35 and it can jump upside above 152 levels without touch 137.35 .It is running presently in strong support area so intraday or positional buying can be taken with stop loss 137.35 for upside rally.

 QUICK FUNDAMENTAL LOOK                                                                     

 USD/JPY's June High Likely a Top for Now; Retreat May Extend -- Market Talk.USD/JPY's June high of 145.07 is likely a top for now and is unlikely to come back into view for at least the next one to two months, after its recent swift retreat, says Quek Ser Leang, markets strategist at UOB's Global Economics & Markets Research.

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

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