USDJPY Analysis on H1 Timeframe - December 6, 2023
- The primary structure of USDJPY is decreasing.
- USDJPY is currently in an upward zigzag, with a potential price target likely to touch a strong resistance at 147.951. At this level, there are signs of rejection, and if selling pressure comes into play, one can consider initiating a short position.
- Due to the ongoing downtrend in USDJPY, buying is not a preferred option."
- USDJPY is currently in an upward zigzag, with a potential price target likely to touch a strong resistance at 147.951. At this level, there are signs of rejection, and if selling pressure comes into play, one can consider initiating a short position.
- Due to the ongoing downtrend in USDJPY, buying is not a preferred option."