Main Quotes Calendar Forum
flag

FX.co ★ USD/JPY analysis for December 14, 2023 - Strong downside pressure

parent
Forex Analysis:::2023-12-14T08:16:45

USD/JPY analysis for December 14, 2023 - Strong downside pressure

Technical analysis:

USD/JPY analysis for December 14, 2023 - Strong downside pressure

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.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...