FX.co - Technical analysis of USD/JPY

2022-08-24T10:00:10

Relevance until2022-08-25

USD/JPY:

Technical analysis of USD/JPY

The chart shows the movement of USD/JPY in the four-hour (H4) chart.

After trading around the resistance level of 137.60, USD/JPY quotes declined, indicating that the protracted correction is complete.

The next target price level that is under consideration is £ 134.50 (per $1), with a slight upward correction to £ 135.50.

Good luck!

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

FX.co ★ Technical analysis of USD/JPY