empty
 
 
20.01.2023 03:37 PM
USD/JPY outlook for January 20, 2023

This image is no longer relevant

USD/JPY is rising today, recovering from this and last month's biggest losses, trading near the 130.00 mark as of writing.

The price broke through the important short-term resistance level 129.55 (200 EMA on the 1-hour chart) and continues to rise towards the nearest important resistance level 132.70 (upper limit of the downward channel on the daily chart and 50 EMA on the weekly chart, 200 EMA on the 4-hour chart).

This image is no longer relevant

Below this level and the 134.40 key resistance level (200 EMA on the daily chart), the pair remains in the long-term bear market zone.

Therefore, despite the current corrective growth, short positions remain preferable, and a breakdown of the 129.55 support level will be a signal for their resumption. This is the main scenario.

This image is no longer relevant

Alternatively, USD/JPY will continue to rise towards 132.70, with an intermediate target at 130.57 (an intraday low after the December meeting of the Bank of Japan). A break of the 134.40 resistance level will return USD/JPY to the global bull market zone.

Support levels: 129.55, 129.00, 128.00, 127.22, 127.00

Resistance levels: 130.57, 131.00, 132.00, 132.70, 134.00, 134.40, 135.80

Trading scenarios

Buy Stop 130.65. Stop Loss 129.50. Take-Profit 131.00, 132.00, 132.70, 134.00, 134.40, 135.80, 137.45, 138.90

Sell Stop 129.50. Stop Loss 130.65. Take-Profit 129.00, 128.00, 127.22, 127.00

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback