13.09.202309:42 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday September 13, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

After the USD/JPY price movement on the 4-hour chart is stuck at the level of the Bullish Fair Value Gap area (Cyan box) which acts well as a support level, in the near future USD/JPY has the potential to appreciate upwards as long as there is no significant correction movement beyond below the level 145.82 then USD/JPY has the potential to test the Equal High level of 147.87 where this condition is also confirmed by the appearance of a BUY signal on the B-Xtrender indicator and the Supertrend AI indicator (Black circle)

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.