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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDJPY 01.07.2024

Technical Analysis
Monday, July 01, 2024 - 10:45
Point Trader Group
USDJPY 01.07.2024

General trend: up.

Expected scenario:

The pair is trading at the highest strong support level around 159.75 yen, which enhances the chances of rising to 162-163.22 yen.

Alternative scenario:

The scenario turns bearish with a break of 159.75, targeting 159-158 yen.

The most important levels

Resistance:

162.00 – 163.22

Support:

159.75 – 158.00

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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