FX.co - USD/JPY analysis for November 08, 2022 - Triangle pattern in creation

2022-11-08T09:16:15

Relevance until2022-11-09

Technical analysis:

USD/JPY analysis for November 08, 2022 - Triangle pattern in creation

USD/JPY has been trading sideways at the price of 146.60 and there is potential for the breakout of the triangle pattern.

Trading recommendation:

In case of the downside breakout of the support at 146.10, watch for selling opportunities with the downside objectives at 141.85 and 140.30

In case of the upside breakout of the resistance at 148.35, watch for buying opportunities with the upside objective at 151.85

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

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for November 08, 2022 - Triangle pattern in creation