empty
 
 
23.06.2022 08:18 AM
Trading plan for USDJPY on June 23, 2022

This image is no longer relevant

Technical outlook:

USDJPY slipped through the 135.12 lows in the early hours of the Asian session on Thursday, before finding some bids. The currency pair is seen to be trading close to the 135.70 mark at this point in writing. It is expected to sink lower towards the 131.50 initial support in the next few trading sessions. Bears will be poised to hold below the 136.70 mark to keep the structure intact.

USDJPY has produced a religious rally between 102.50 and 136.70, which looks complete. A break below 131.50 will confirm that bears are back in control and that a major top is in place at the 136.70 mark. Bears will be inclined to unfold a much deeper correction towards 126.00 and lower levels thereafter.

USDJPY might have carved a lower-degree downswing between 136.70 and 135.12 in the past two trading sessions. Ideally, prices might produce intraday pullback rallies but should remain well capped below the 136.70 mark. Traders might be preparing to hold existing shorts and add further on pullbacks towards the 136.00 mark, against 136.70 from here on.

Trading plan:

Potential drop towards 131.50 and 126.00 against 137.00

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback