empty
 
 
18.12.2023 07:48 AM
Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Monday December 18, 2023.

This image is no longer relevant

Even though the condition of the main currency pair USD/JPY is in a Bearish condition which is confirmed by the price movement moving below the EMA 50 which also has a downward slope, however, with the emergence of deviations between price movements and the Awesome Oscillator indicator, it is predicted that in the near future USD/JPY has the potential to be corrected upwards. upwards to the level of the Bearish Fair Value Gap area (light purple box) but as long as the upward correction does not penetrate above level 145.28 then USD/JPY still has the potential to weaken again and fall down to level 138.04,

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback