Technical Analysis : USD/JPY 25 January 2023

Forex Technical Analysis : USDJPY

Date : 25 January 2023

Pivot point : 129.85

Our preference : long positions above 129.85 with targets at 131.00 & 131.50 in extension.

Alternative scenario : below 129.85 look for further downside with 129.50 & 129.15 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

131.90 **
131.50 *
131.00
130.49 – Last price
129.85
129.50 *
129.15 **

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

Source : Trading Central

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