Technical Analysis : USD/JPY 18 January 2022

Forex Technical Analysis : USDJPY

Date : 18 January 2022

Pivot point : 114.45

Our preference : long positions above 114.45 with targets at 115.20 & 115.40 in extension.

Alternative scenario : below 114.45 look for further downside with 114.30 & 114.00 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

115.60 **
115.40 *
115.20
114.82 – Last price
114.45
114.30 *
114.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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