USD/JPY: Potential Peak and Downside Ahead
Hello Everyone,
The USD/JPY reached a high point at 155.748 and has experienced a minor decrease in price since then. Currently, sellers are showing strong activity, suggesting that this might mark the peak before a downward movement. However, if the price successfully surpasses the 1W/1D resistance levels, there could be further upward potential. Nonetheless, it seems likely that there will be a downside correction in the near future.
TradeWithTheTrend3344
The USD/JPY reached a high point at 155.748 and has experienced a minor decrease in price since then. Currently, sellers are showing strong activity, suggesting that this might mark the peak before a downward movement. However, if the price successfully surpasses the 1W/1D resistance levels, there could be further upward potential. Nonetheless, it seems likely that there will be a downside correction in the near future.
TradeWithTheTrend3344