Technical Analysis of the USDJPY Currency Pair; Dec 11, 2022admin 12 December 2022
Last week, the price rose to the level of 137.671, but failed to break through this mark. In the coming week, we expect the price to fluctuate between the levels of 137.671 and 133.757. However, if the level of 1337.671 is broken, the upward trend of this currency pair will continue to the level of 139.815.
Important levels next week
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.