Technical Analysis : USD/JPY 20 January 2022

Forex Technical Analysis : USDJPY

Date : 20 January 2022

Pivot point : 114.15

Our preference : long positions above 114.15 with targets at 114.55 & 114.75 in extension.

Alternative scenario : below 114.15 look for further downside with 114.00 & 113.80 as targets.

Comment : the RSI calls for a new upleg.

Supports and resistances :

114.95 **
114.75 *
114.55
114.40 – Last price
114.15
114.00 *
113.80 **

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

Source : Trading Central

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