USDJPY Breaks Into Sell
USDJPY finally makes a directional breakout after ranging across resistance and support ranges of 130.600 and 129.400.
The FOMC Press Conference caused a downward spike in pricing that I expect to continue after NY market close and JPY open based on the hourly chart.
I have based my analysis on the last time UJ saw current price points in mid-Jan 2023.
Sell Entry: 128.500
Targets: 128.350 | 128.200 | 128.030 | 127.900 | 127.770 | 127.600
Support: 127.360
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The FOMC Press Conference caused a downward spike in pricing that I expect to continue after NY market close and JPY open based on the hourly chart.
I have based my analysis on the last time UJ saw current price points in mid-Jan 2023.
Sell Entry: 128.500
Targets: 128.350 | 128.200 | 128.030 | 127.900 | 127.770 | 127.600
Support: 127.360
Be sure to like this post and let me know what you think in the comments below!
Note
Entry opened
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.