Market Analysis of USDJPY on Friday 1 September 2023

2023-09-01 12:51Fonte:BtcDana

USDJPY TECHNICAL ANALYSIS SHORT TERM VIEW    

    USDJPY running in positive trend and strong support are 143.30 to 144.58 levels as shown by green box .Its trend reversal point is 143 and it is stop loss for all buying positions .It is heading towards 152 level so we can buy it with stop loss 144 expecting upside rally or we can wait for some correction near support area for good buying .Candle closing basis stop loss is 142.33 level and it is our final stop loss of overall trend.

 QUICK FUNDAMENTAL LOOK                                                                     

USD/JPY heavy with US yields, 145 equilibrium pre-US jobs,USD/JPY back to 145-146 equilibrium into the US jobs report tonight.

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

Mais