Forex rates	Crypto rates	Stocks rates	Indices rates	Commodities rates
EUR/USD	BITCOIN	TESLA	DOW	GOLD
USD/JPY	ETHEREUM	APPLE	S&P500	SILVER
GBP/USD	SOLANA	COINBASE	DAX	USOIL
USD/CHF	RIPPLE	GOOGLE	FTSE	UKOIL
USD/CAD	DOGE	FACEBOOK	NIKKEI225	PLATINUM
AUD/USD	BNB	AMAZON	NAS100	PALLADIUM
NZD/USD	CARDANO	NETFLIX
	AVALANCHE	PFIZER

Forex Signals	Crypto Signals	Stock Signals
What are forex signals	What Are Crypto Trading Signals?	What Are Stock Trading Signals?
How to use our Forex Signals	How to Use Crypto Trading Signals	How to Use Stock Trading Signals?
Auto vs. Manual Forex Signals	Crypto Signals for Technical Traders	Stock Trading Indicators for beginners
Forex Signals for Technical Traders	Make the Most out of Crypto Trading Signals	Automated vs Manual Stock Trading Signals
Forex Signals for Scalping	Crypto Scalping Signals	How to Generate Buy and sell Signals of stock trading?
Forex Signals Testimonials	Automated vs Manual Crypto Signals	How to Use Stock Volume as a Trading Signal?
More Forex Signals Articles	Trading Binance With Crypto Signals	Best Technical Indicators For The Stock Market

CRYPTO	FOREX
DeFi Guides What is DeFi Lending? What is DeFi Yield Farming? What is a DEX? What is a Decentralized Application? What are Cross Chain Bridges? What is Cryptocurrency Staking?	Crypto Guides What is Bitcoin Currency? What is Cryptocurrency? Top 10 Cryptocurrencies Cryptocurrency Wallets Cryptocurrency Exchange What Are Crypto Trading Bots?	Crypto Strategies Price Action Bollinger Bands Technical Analysis Parabolic Sar Relative Strength Index The Buy and Hold Approach Moving Average Convergence Divergence	Forex Strategies Fundamental Forex Strategies Popular Forex Strategies Technical Forex Strategies Forex Strategies Articles	Forex Tutorial Instrument Guide FAQ for forex Forex Glossary Social Trading	Forex Course Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5

Crypto Forecasts	Forex Forecasts	Commodities Forecasts
Ethereum price forecast	GBP/USD price forecast	Gold price forecast
Monero price forecast	USD/JPY price forecast	Silver price forecast
Stellar Lumens forecast	USD/BRL price forecast	Palladium price forecast
AAVE price forecast	EUR/USD price forecast	Platinum price forecast
	USD/INR price forecast	Aluminium price forecast

Forex Brokers	Best by Country	Brokers Types	Brokers by License
Best Forex Trading Platforms	USA Forex Brokers	ECN Forex Brokers	FCA Regulated (UK)
Best Forex No deposit bonus	UK Forex Brokers	STP Forex Brokers	ASIC Regulated (AUS)
Best Forex Brokers for Beginners	New Zealand Forex Brokers	NDD Forex Brokers	CySec Regulated (Cyprus)
Best Forex Trading Apps	Canada Forex Brokers		CFTC Forex Brokers (USA)
Best Copy Trading Platforms	South Africa Forex Brokers		CBN Regulated (NG)
Best Zero Spread Brokers	Nigeria Forex Brokers		FSCA Regulated (SA)
Best MetaTrader Brokers	India Forex Brokers
Best Bitcoin Brokers	Malaysia Forex Brokers
Best Nasdaq 100 Brokers	Indonesia Forex Brokers
Best FTSE 100 Brokers	View list all countries
Best CFD Brokers	Philippines Forex Brokers

Top 10 Best Rated Brokers	Best for Beginners	Best for Copy Trading
AvaTrade	Axiory	IC Markets
Plus500	Plus500	Pepperstone
Exness	BDSwiss	HFM
HFM	HFM	Tickmill
JustMarkets	Blackbull Markets	XTB
XM	Eightcap	Markets.com
BDSwiss	FxPro	FXTM
Pepperstone	GO Markets	easyMarkets
FBS	InstaForex	JustMarkets
Octa	CMTrading	Forex.com
FP Markets	Vantage Markets	Axi

USD/JPY Gains Support Near 131.400 – Good to Buy Now?

Skerdian Meta•Tuesday, January 10, 2023•1 min read

[[USD/JPY]] is trading lower towards the intraday low of 131.30 as bears test the short-term critical support during early Tuesday. As a result, the yen-pair prints a three-day downturn while supporting bearish MACD signals and the lack of an oversold RSI.

As a result, the USD/JPY price is anticipated to continue weak and might breach the one-week-old support line, which is near 131.30 at the time of writing. After sending Yen pair sellers to the recent low of around 129.50, the round number 131.00 and the psychological pull of 130.00 may amuse them.

The RSI (14) may become oversold when the USD/JPY reaches 129.50, triggering a corrective bounce; if not, the 61.8% Fibonacci Expansion (FE) of the pair’s advances between November 30, 2022, and January 3, 2023, close to 128.30, will be in focus.

On the other hand, recovery moves may first aim for the previous day’s peak of 132.65 before aiming for the late December 2022 swing high at 134.50. The 200-SMA and a downward-sloping resistance line from November 30, 2022, which was close to 135.00 at the time of publication, will be a tough nut to crack for USD/JPY bulls to retake control.

Check out our free forex signals

Follow the top economic events on FX Leaders economic calendar

Trade better, discover more Forex Trading Strategies

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.