empty
 
 
02.10.2023 10:12 AM
Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Monday October 02 ,2023.

This image is no longer relevant

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)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In February we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback