USD/JPY: Facing the Abyss – Escape or Free Fall?
USD/JPY is locked in a fierce battle between bulls and bears, but the "bears" are clearly in control. The price is sinking below the EMA 34 & EMA 89 on the 4H chart, sliding down a descending channel like a runaway car with no brakes. With Japan's Manufacturing PMI set for release, the market is bracing for the final blow to this currency pair.
The bulls are holding their ground, but can they withstand the 152.29 resistance, a level that has stood firm in the past? If they fail, a slide toward 148.66 will only be a matter of time!
Warning: Japan's PMI will be the ultimate trigger. If the data comes in weaker than expected, JPY could lose momentum. However, if it beats forecasts, USD/JPY might go into free fall with no safety net!
The bulls are holding their ground, but can they withstand the 152.29 resistance, a level that has stood firm in the past? If they fail, a slide toward 148.66 will only be a matter of time!
Warning: Japan's PMI will be the ultimate trigger. If the data comes in weaker than expected, JPY could lose momentum. However, if it beats forecasts, USD/JPY might go into free fall with no safety net!
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🚀 Join my Telegram channel now: t.me/+VLlFOChDdhtiYzU1 to receive super-fast and super-accurate trading signals 📈. With a win rate of up to 85%, success is just a click away! 🔥
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.