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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDJPY 22.2.2023

Technical Analysis
Wednesday, February 22, 2023 - 12:20
Point Trader Group
USDJPY 22.2.2023

Main Trend:

Bearish.

Expected scenario:

The pair is trading below a strong resistance level that is 135.20 which might push the pair downwards towards 134 – 133.50.

Alternative scenario:

The scenario fails and turns into bullishness after the level of 135.20 is broken.

The most important levels

Resistance: 

135.20 – 136.00

Support: 

134.00 – 133.50

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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