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FX.co ★ Technical analysis of USD/JPY on October 28, 2022

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Forex Analysis

2022-10-28T08:32:18
iconRelevance until2022-10-29

Technical analysis of USD/JPY on October 28, 2022

USD/JPY

Technical analysis of USD/JPY on October 28, 2022

The H1 chart shows the movement of the USD/JPY pair on October 28, 2022.

Today, the quote may reach 147.12 resistance, formed at the crossover of two dynamic resistance levels.

Should a breakout through the barrier occur, the price would head toward the range of 148.72-149.40.

If the quote bounces off resistance, the quote may go down to the dynamic support level of 146.40.

Have a nice trading day!

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