Technical Analysis of the USDJPY Currency Pair; 19-12-2022

As predicted last week, the price is fluctuating in a neutral range and exiting the range can determine the future trend of this currency pair in the medium term.

Important Levels Next Week USDJPY Currency Pair

 In this section we will study the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market in the next week, and you can use these levels as profit and loss limits in your trades.

USDJPY (Close Price Last week is 136.578)

(126.453, 129.219, 131.096, 133.757, 137.671, 139.815, 142.359, 144.949, 148.348, 151.827)

USDJPY Fibonacci Pivot Point Level

These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. The levels that exist in the 4-hour time frame are usually used by traders for daily trades, and it is possible to change them during the coming week due to market fluctuations. More and also the failure of the previous levels.