USDJPY forex technical analysis for July 12, 2023
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_________________ CHAPTERS _________________
0:00 Intro
0:10 USDJPY Daily Time Frame
0:47 USDJPY 4-Hour Analysis
3:07 DXY Technical Analysis
5:57 USDJPY Bearish Scenario
USDJPY is testing a massive level today at 139.00.
That’s the trend line from March and the consolidation from May/June.
A bounce from this region could take USDJPY back to the 142.00 resistance area.
Alternatively, a breakdown here opens up 138.00 and potentially lower.
Today’s video discusses USDJPY key support and resistance, and what to watch for in the coming days.
We also discuss the latest on the US Dollar Index (DXY) breakdown and where the dollar could find support this week.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#forex #forexsignals #usdjpy #usdjpyforecast
Keep going brother, your analysis have helped me a lot, specially that u use the DXY to find more confluences, thank you so much!!
watching closely,waiting for a break or bounce at the strong key level befor short or long.
Very nice and clean analysis
Thank you
thank sir ,,
Thank you