USDJPY 4H : NFP report will affect on the market
USDJPY
New forecast
The dollar pair against the yen dropped yesterday and tried to breach the support 150.00 level ,so that the bearish corrective trend scenario remains valid, which mainly targets the 149.14 and 148.89 areas.
therefore the downward scenario will be remain valid and effective during coming period and moving average 50 support the continuation of the proposed downward trend, breaking 150.00 will facilitate the price’s task of achieving the expected target, while breaking 150.53 represents a positive factor that will push the price to try to return to the main upward path again.
The expect range trading for today it will between resistance line 151.00 and support line 150.00.
Additionally ,Today News will affect the market .
support line : 150.00 , 149.41
resistance line : 150.53 , 151.00
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New forecast
The dollar pair against the yen dropped yesterday and tried to breach the support 150.00 level ,so that the bearish corrective trend scenario remains valid, which mainly targets the 149.14 and 148.89 areas.
therefore the downward scenario will be remain valid and effective during coming period and moving average 50 support the continuation of the proposed downward trend, breaking 150.00 will facilitate the price’s task of achieving the expected target, while breaking 150.53 represents a positive factor that will push the price to try to return to the main upward path again.
The expect range trading for today it will between resistance line 151.00 and support line 150.00.
Additionally ,Today News will affect the market .
support line : 150.00 , 149.41
resistance line : 150.53 , 151.00
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
New forecast
The price perfectly fulfills my last idea and price reached to our first target and still running .
The USD/JPY pair Dropped during last week and resumed its negative trading, exceeding the 150.00 barrier and settling below it, reinforcing expectations of a continuation of the downward trend, and the way is open for heading towards our main expected target at 148.89 and 148.35.
There fore the downtrend scenario will be remain valid and effective .The moving average of 50 forms negative pressure against the price to support expectations of a decline, taking into account that stability above 150.00 will stop the expected decline and lead the price to attempt to restore the main upward trend again.
The expect range trading for today it will between resistance line 150.00 and support line 148.89.
support line : 148.89, 148.53
resistance line : 150.00 , 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 ❤️