Forex - Chart USD/JPY Update: Intraday trade range-bound


Published at 05:15 (GMT) 23 Jul


Chart USD/JPY Update: Intraday trade range-bound (PLAC7301)

23 Jul USD/JPY Daily

04::55 GMT - Intraday trade well-confined within the 101.33-60 range set last session and a break above the higher end needed to extend gain towards next target at 101.80. Below 101.33 support will shift focus lower towards 101.20 then 101.09/07. [W.T]
R5: 102.36 * 18 Jun high
R4: 102.27 * 3 Jul high
R3: 101.99 200-day MA
R2: 101.79 * 16 Jul high
R1: 101.60 22 Jul high

S1: 101.33 22 Jul low
S2: 101.20 21 Jul low
S3: 101.09/07 * 18, 10 Jul lows
S4: 100.82/76 ** 21 May, 4 Feb lows
S5: 100.61 11 Sep 13 high

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.

EUR/USD News

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.

GBP/USD News

Gold struggles to hold above $2,350 following US inflation

Gold struggles to hold above $2,350 following US inflation

Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses. 

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Majors

Cryptocurrencies

Signatures