USDJPY 4H : Support further decline
USDJPY
New forecast
The dollar pair against the yen begins today's trading with negativity and attempts to breach the support level of 148.89 and then 148.35, which supports the expectations of a decline in the immediate term, remembering that our goals begin with breaking and holding below the support level at 148.35 to reach 147.87 and extend to 147.47.
Therefore the downward scenario will be remain valid and effective during coming period and moving average 50 also support the price to decline ,but to confirm the bearish trend should stable under 148.35 level , taking into account that stabilized above 149.68 will put the price under buy pressure.
The expect range trading for today it will between resistance line 149.68 and support line 148.35.
Additionally ,Today News will affect the market .
support line : 148.89 , 148.35
resistance line : 149.68 , 150.53
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New forecast
The dollar pair against the yen begins today's trading with negativity and attempts to breach the support level of 148.89 and then 148.35, which supports the expectations of a decline in the immediate term, remembering that our goals begin with breaking and holding below the support level at 148.35 to reach 147.87 and extend to 147.47.
Therefore the downward scenario will be remain valid and effective during coming period and moving average 50 also support the price to decline ,but to confirm the bearish trend should stable under 148.35 level , taking into account that stabilized above 149.68 will put the price under buy pressure.
The expect range trading for today it will between resistance line 149.68 and support line 148.35.
Additionally ,Today News will affect the market .
support line : 148.89 , 148.35
resistance line : 149.68 , 150.53
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
USDJPY
Update
The price perfectly fulfills my last idea and price reached to our third targets .
The dollar pair against the yen resumed its negative trading yesterday, reaching our third target at 146.98, and finding strong support there, waiting to exceed this level to open the way for the price to reach the 146.40 level.
Therefore , the downward trend scenario will remain effective for the coming period, supported by the negative pressure formed by the moving average 50, while keeping in mind that consolidation above the 148.35 level will push the price to begin recovery attempts.
The expect range trading for today it will between resistance line 146.40 and support line 148.35 .
Additionally ,Today News will affect the market .
support line : 146.88 , 146.40
resistance line : 147.87 , 148.35
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
USDJPY
Update
The price perfectly fulfills my last idea and price reached to our third targets .
The dollar pair against the yen resumed its negative trading yesterday, reaching our third target at 146.98, and finding strong support there, waiting to exceed this level to open the way for the price to reach the 146.40 level.
Therefore , the downward trend scenario will remain effective for the coming period, supported by the negative pressure formed by the moving average 50, while keeping in mind that consolidation above the 148.35 level will push the price to begin recovery attempts.
The expect range trading for today it will between resistance line 146.40 and support line 148.35 .
Additionally ,Today News will affect the market .
support line : 146.88 , 146.40
resistance line : 147.87 , 148.35
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
USDJPY
Update
The price perfectly fulfills my last idea
The dollar pair fell against the yen and broke the support level at 148.35 and rebounded from it, trying to test the 148.89 level, and then will drop , to support the chances of continuing the downward trend during the coming sessions, opening the way for further downward correction in the immediate and short term, noting that the stations The next negative reaches 147.87 and then 147.47.
Therefore, the downward scenario will be remain valid and effective , while paying attention to the importance of stability below 149.68 for the continuation of the proposed bearish wave.
The expect range trading for today it will between resistance line 149.68 and support line 147.47.
Additionally ,Today News will affect the market .
support line : 148.35 , 147.87
resistance line : 148.89 , 149.68
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️