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FX.co ★ USD/JPY analysis for December 19, 2022 - Potential for the upside movement

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Forex Analysis:::2022-12-19T09:33:19

USD/JPY analysis for December 19, 2022 - Potential for the upside movement

Technical analysis:

USD/JPY analysis for December 19, 2022 - Potential for the upside movement

USD/JPY has been trading inside of the downside channel but I found the exhaustion and potential for the further rally.

Trading recommendation:

Due to potential exhaustion pattern this morning, I see potential for the further rally towards upper references.

Watch for buying opportunities on the intraday dips with the upside objective at 136.34, 137.75 and 138.00

Key support is set at the price of 135.75

Analyst InstaForex
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