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Forex Market Daily Technical Analysis of USD/JPY

Daily Pivot Point of USD/JPY Chart in 30M Time Frame is: 160.60 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 160.60 with first target at 161.40 and second target at 161.75 in extension as take profits.
forex-technical-analisys-pivot-points-chart-USDJPY-2024-07-08-f693c.gif

Forex Daily Pivot Points and Market Situation:

Daily Pivot Point of USD/JPY Sybmol in 30M Time Frame Chart is: 160.60 and Preferred situation is Bullish.

Forex Daily Support and Resistance Lines:

Technical analysis of USD/JPY: Resistance Lines of Day in 30M Time Frame:

  • Resistance Level 3: 162.00
  • Resistance Level 2: 161.75
  • Resistance Level 1: 161.40

Technical analysis of USD/JPY: Support Lines of Day in 30M Time Frame:

  • Support Level 1: 160.60
  • Support Level 2: 160.25
  • Support Level 3: 159.90

Forex Trading Signals:

Our Preferred Senario is Long Positions (Buy) above 160.60 with first target at 161.40 and second target at 161.75 in extension as take profits.

If the market moves in the opposite direction, Alternative Senario is Short Positions (Sell) under 160.60 with first target at 160.25 and second target at 159.90 in extension as take profits

Support and Resistance Levels and Pivot Points in Chart of USD/JPY

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