Forex: USD/JPY Is Preparing For A Jump? Technical Analysis

Analyzing Monday's Trades: EUR/USD on 30M Chart

Relevance up to 11:00 2022-08-25 UTC+2

Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

USD/JPY:

The chart shows the movement of USD/JPY in the four-hour (H4) chart.

After trading around the resistance level of 137.60, USD/JPY quotes declined, indicating that the protracted correction is complete.

The next target price level that is under consideration is £ 134.50 (per $1), with a slight upward correction to £ 135.50.

Good luck!

Source: Forex Analysis & Reviews: Technical analysis of USD/JPY

Analyzing Monday's Trades: EUR/USD on 30M Chart

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