USDJPY 4H : Under resistance zone will support to decline
USDJPY
New forecast
The dollar pair against the yen traded with noticeable positivity to test the pivotal resistance of 148.35, and we note that the price consolidated below this level so as long as price trade under that level we will prefer the bearish trend .
Therefore, we believe that opportunities are available to resume the downward corrective trend, which mainly targets the 147.47 areas and extends 146.88, and moving average 50 continue to support the price to drop. taking into account that breaching 148.89 will stop the proposed negative scenario and push the price to restore the main upward trend again.
The expect range trading for today it will between resistance line 148.89 and support line 146.88 .
Additionally ,Today News will affect on the market .
support line : 147.47 , 146.88
resistance line : 1478.35 , 148.89
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The dollar pair against the yen traded with noticeable positivity to test the pivotal resistance of 148.35, and we note that the price consolidated below this level so as long as price trade under that level we will prefer the bearish trend .
Therefore, we believe that opportunities are available to resume the downward corrective trend, which mainly targets the 147.47 areas and extends 146.88, and moving average 50 continue to support the price to drop. taking into account that breaching 148.89 will stop the proposed negative scenario and push the price to restore the main upward trend again.
The expect range trading for today it will between resistance line 148.89 and support line 146.88 .
Additionally ,Today News will affect on the market .
support line : 147.47 , 146.88
resistance line : 1478.35 , 148.89
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
The price perfectly fulfills my last idea and price reached to our second targets.
close it or if you want to hold put SL at entry .
The price perfectly fulfills my last idea and price reached to our second targets.
close it or if you want to hold put SL at entry .
