empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

14.12.202310:16 Forex Analysis & Reviews: USD/JPY analysis for December 14, 2023 - Strong downside pressure

Technical analysis:

Exchange Rates 14.12.2023 analysis

USD/JPY has been trading downside after the FOMC yesterday and I see that sellers are still in control and there is the chance for the further drop/

Due to the strong downside momentum and the breakout of the pin bar on the daily time-frame, I see potential for the further drop towards lower reference.

Downside objective is set at the price of 139.25

RSI oscillator is showing downside reading below 40 with no major sign of the strength.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

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