USD/JPY analysis for June 07, 2023 – Potential for the further drop
June 7, 2023 8:26 am
Technical analysis:
USD/JPY has been trading downside as I expected but there is still potential for the further drop towards lower references. USD/JPY is making lower highs and lower lows, which is good sign that sellers are in control.
Due to the failed test of the high and downside channel, I see potential for the further rop towards lower references.
Downside objective is set at the price of 138.10
MACD oscillator is showing negative reading, which is good sign for the further downside movement.
Resistance is set at the price of 140.30
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/JPY
has been trading downside
as I expected but there is still potential for the further drop
towards lower references. USD/JPY is making lower highs and lower
lows, which is good sign that sellers are in control.
Due
to the failed test of the high and downside channel, I see potential
for the further rop towards lower references.
Downside
objective is set at the price of 138.10
MACD
oscillator is showing negative reading, which is good sign for the
further downside movement.
Resistance is set at the price of 140.30
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: