Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Monday October 02 ,2023.
October 2, 2023 9:22 am
With the appearance of deviation pattern between price movement with MACD indicator, then in a few days ahead, USD/JPY has the potential to retrace down where the level 141,53 becomes the main target to be addressed and level 138,08 as the next target to be addressed if the momentum and volatility quite supportive, but if on the way suddenly USD/JPY retreat upward until it break upside to the level 152,00, then the downward retrace scenario that has been described before will become invalid.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of deviation pattern between price movement with MACD indicator, then in a few days ahead, USD/JPY has the potential to retrace down where the level 141,53 becomes the main target to be addressed and level 138,08 as the next target to be addressed if the momentum and volatility quite supportive, but if on the way suddenly USD/JPY retreat upward until it break upside to the level 152,00, then the downward retrace scenario that has been described before will become invalid.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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