Weekly Technical Analysis Report 26 January – Bearish outlook seen on USDJPY
January 26, 2023
Weekly Technical Analysis Report 26 January – Bearish outlook seen on USDJPY
1. This week’s outlook on USDJPY: Bearish outlook seen
On the H4 timeframe, prices are ranging between 131.50 and 127.50. Stochastic RSI is in the oversold region below 20, supporting the possibility of a pullback to 131.00, which coincides with the 50% Fibonacci retracement. Prices could then rebound to the support zone at 127.50.
Bearish outlook on USDJPY – 26 January 2023 by Salzworth on TradingView.com
