Technical Analysis : USD/JPY 19 January 2023

Forex Technical Analysis : USDJPY

Date : 19 January 2023

Pivot point : 129.30

Our preference : short positions below 129.30 with targets at 127.60 & 127.20 in extension.

Alternative scenario : above 129.30 look for further upside with 130.00 & 130.70 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

130.70 **
130.00 *
129.30
128.37 – Last price
127.60
127.20 *
126.70 **

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

Source : Trading Central

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