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!
Komen:
Entry opened
