empty
 
 
09.12.2024 06:37 AM
Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Monday December 09, 2024.

This image is no longer relevant

With the appearance of the Bearish 123 pattern followed by two Ross Hook (RH) on the daily chart of the main currency pair USD/JPY and supported by the appearance of deviations between the price movement of USD/JPY and the MACD Histogram indicator (osMA), it is confirmed that in the next few days USD/JPY has the potential to continue its weakening where 149.31 will try to be tested and broken down if successful then USD/JPY has the potential to continue its weakening to the level of 146.35 and if the momentum and volatility support then 142.03 will be the next target to be aimed for but if on the way to these targets suddenly there is a significant strengthening correction especially if it breaks through and closes above the level of 153.29 then all the weakening scenarios that have been described previously will be invalid and canceled by themselves.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback