empty
 
 
22.11.2023 05:41 PM
USD/JPY targeting 149.99

The USD/JPY pair rallied in the short term and now is located at 149.71 at the time of writing. You knew from my yesterday's analysis that the currency pair could develop a new leg higher after reaching 147.32.

The USD extended its short term growth after the FOMC Meeting Minutes. Today, the US reported mixed economic data. The Revised UoM Consumer Sentiment and Unemployment Claims came in better than expected, while Durable Goods Orders and Core Durable Goods Orders came in worse than expected. On Friday, the US manufacturing and services data should move the rate.

USD/JPY Swing Higher!

This image is no longer relevant

From the technical point of view, USD/JPY developed a strong leg higher after taking out the 147.83 immediate resistance.

Now, it has escaped from the down channel pattern signaling further growth. The former high of 149.99 stands as the first upside target.

USD/JPY Outlook!

Jumping and consolidating above 149.99 validates an upside continuation and could be seen as a new buying opportunity.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback