03-JUN-2023
JXY
https://rajtechanalysis.blogspot.com/2021/04/usdjpygopherninja-analysis-april-2021.html
At a glance,
xxxusd nearing bottom or bottom is already in.
usdxxx nearing top or already top is in.
Let us see how the market is going to drive.
Break of 106.75 we can see 106.45-106.38, 106.16, 105.95-105.87.
CMP: 104.92; SUP: 103.32/102.5; RES: 105.69.
If 103.3 holds support, we can see 105.08-105.5, 106.17-106.43.
CMP: 103.76; RES: 103.93/104.21/104.41; SUP: 102.55
As long as the above resistances hold, we can see 103.35-103.21
If support 102.55 holds, we will see big reversal and first target will be 104.39.
CMP: 103.79; SUP: 102.57/101.16
If the above levels support, we can see big up move.
Need of upper trend line confirms the up move.
Best Buy entry: 103.30-103, SL 102.57/101.16 max.
TP: 104.26, 105.19, 106.44, 107.68, 111.7, 114.