USDJPY 4H : New forecast
USDJPY
New forecast
The USD/JPY pair bounced significantly after testing the 151.00 areas, breaking the support of the ascending channel and starting a downward correction.
Therefore we expect the correction is end and upward trend scenario will be more likely supported by moving average 50 and Breaking 150.46 and stabilized above it will make it easier for the price to achieve the suggested target began 151.00 and extend to 151.50, taking into account that stabilized under 150.00 will end the bullish waves and put the price under sell pressure .
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 : 150.46 , 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 ❤️
New forecast
The USD/JPY pair bounced significantly after testing the 151.00 areas, breaking the support of the ascending channel and starting a downward correction.
Therefore we expect the correction is end and upward trend scenario will be more likely supported by moving average 50 and Breaking 150.46 and stabilized above it will make it easier for the price to achieve the suggested target began 151.00 and extend to 151.50, taking into account that stabilized under 150.00 will end the bullish waves and put the price under sell pressure .
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 : 150.46 , 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 ❤️
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