Technical Analysis : USD/JPY 5 January 2023

Forex Technical Analysis : USDJPY

Date : 5 January 2023

Pivot point : 131.30

Our preference : long positions above 131.30 with targets at 132.90 & 133.40 in extension.

Alternative scenario : below 131.30 look for further downside with 130.90 & 130.50 as targets.

Comment : technically the RSI is above its neutrality area at 50.

Supports and resistances :

133.90 **
133.40 *
132.90
132.22 – Last price
131.30
130.90 *
130.50 **

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

Source : Trading Central

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