Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Tuesday September 05,2023.
September 5, 2023 5:24 am
On its 4 hour chart of USD/JPY main currency pairs, there is CCI indicator which manages to break downside from its important three levels and break down the trendline (light brown ditted line) where currently the price is above WMA (20) so that based on this clue we can conclude that in the near future, USD/JPY will try to test the level 147,38, unless if on the way suddenly USD/JPY corrected downside back to break below the level 145,09, so all the rally scenario to the level of 147,38 will become invalid and will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On its 4 hour chart of USD/JPY main currency pairs, there is CCI indicator which manages to break downside from its important three levels and break down the trendline (light brown ditted line) where currently the price is above WMA (20) so that based on this clue we can conclude that in the near future, USD/JPY will try to test the level 147,38, unless if on the way suddenly USD/JPY corrected downside back to break below the level 145,09, so all the rally scenario to the level of 147,38 will become invalid and will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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