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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 5.6.2024

Technical Analysis
Wednesday, June 05, 2024 - 13:08
Point Trader Group
USDJPY 5.6.2024

General trend: up. 
Expected scenario:
The pair is trading above the lower border of the ascending price channel shown on the above chart, which enhances the chances of rising to 158.
Alternative scenario:
The scenario turns bearish by breaking the previously mentioned level, targeting 152 yen.
The most important levels
resistance:
158.00 – 159.00
support:
153.50 – 153.00

  Disclosure of risk:     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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