USD/JPY:Identifying Support at 142.00 Potential Long Opportunity

10 Jul 2023

In the previous trading session, the USD/JPY currency pair encountered a significant level of support around the 142.000 price area. Presently, the price is exhibiting signs of a potential recovery, as indicated by the Relative Strength Index (RSI) recently exiting the oversold region. Given these developments, we are actively seeking a long trading setup in this particular scenario.