USDJPY 4H: Support further decline
USDJPY
New forecast
The price of the dollar pair against the yen fell to exceed the level of 149.41, and now it is trying to stabilize below it, the support level of 148.35, and stability below this level will confirm the continuation of the dominance of the downward trend in the immediate term, and the way is open to heading towards our next target at 147.87 and 146.98.
Therefore the downward scenario will be remain valid once stabilized under 148.35 level , taking into account that failure to stabilized under 148.35 level and reversed above 148.89 will support the price to rise up again and do a positive correction .
The expect range trading for today it will between resistance line 149.41 and support line 146.98.
support line : 147.87 , 146.98
resistance line : 148.89 , 149.41
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 price of the dollar pair against the yen fell to exceed the level of 149.41, and now it is trying to stabilize below it, the support level of 148.35, and stability below this level will confirm the continuation of the dominance of the downward trend in the immediate term, and the way is open to heading towards our next target at 147.87 and 146.98.
Therefore the downward scenario will be remain valid once stabilized under 148.35 level , taking into account that failure to stabilized under 148.35 level and reversed above 148.89 will support the price to rise up again and do a positive correction .
The expect range trading for today it will between resistance line 149.41 and support line 146.98.
support line : 147.87 , 146.98
resistance line : 148.89 , 149.41
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 second targets +180 pip.
The dollar pair fell against the yen yesterday and succeeded in achieving the second expected target at 148.47. We note that the price started today with an additional decline, waiting for stability below the 147.47 level to confirm the extension of the downward corrective wave, opening the way to head towards the 146.98 and 146.40 areas as next negative stations.
Therefore, the downward trend will remain likely during the coming sessions, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 148.35 will push the price to attempt to build an upward wave and restore the main upward trend again.
The expect range trading for today it will between resistance line 148.35 and support line 146.98.
Additionally ,Today News will affect the market .
support line : 147.47 , 146.98
resistance line : 147.87 , 148.35
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 second targets +180 pip.
The dollar pair fell against the yen yesterday and succeeded in achieving the second expected target at 148.47. We note that the price started today with an additional decline, waiting for stability below the 147.47 level to confirm the extension of the downward corrective wave, opening the way to head towards the 146.98 and 146.40 areas as next negative stations.
Therefore, the downward trend will remain likely during the coming sessions, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 148.35 will push the price to attempt to build an upward wave and restore the main upward trend again.
The expect range trading for today it will between resistance line 148.35 and support line 146.98.
Additionally ,Today News will affect the market .
support line : 147.47 , 146.98
resistance line : 147.87 , 148.35
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
