Technical Analysis : USD/JPY 26 January 2023

Forex Technical Analysis : USDJPY

Date : 26 January 2023

Pivot point : 129.70

Our preference : short positions below 129.70 with targets at 129.00 & 128.65 in extension.

Alternative scenario : above 129.70 look for further upside with 130.00 & 130.30 as targets.

Comment : a break below 129.00 would trigger a drop towards 128.65.

Supports and resistances :

130.30 **
130.00 *
129.70
129.30 – Last price
129.00
128.65 *
128.30 **

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

Source : Trading Central

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