USDJPY Potential Reversal Movement
Hi Traders what do you think about USDJPY given suggestion in comments.
USDJPY Bearish Trend If you expect a bearish trend, you're likely forecasting that the USD will weaken against the JPY, potentially driven by various factors like market sentiment, economic data, or central bank actions.
Support and Resistance Levels:
Resistance Zone: 157.000 — This is a strong level where the price could struggle to break above. If it faces rejection here, it could reinforce a bearish move.
Support Zone: 153.000 — If the price approaches this level, it may find support and potentially reverse, depending on other market factors.
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USDJPY Bearish Trend If you expect a bearish trend, you're likely forecasting that the USD will weaken against the JPY, potentially driven by various factors like market sentiment, economic data, or central bank actions.
Support and Resistance Levels:
Resistance Zone: 157.000 — This is a strong level where the price could struggle to break above. If it faces rejection here, it could reinforce a bearish move.
Support Zone: 153.000 — If the price approaches this level, it may find support and potentially reverse, depending on other market factors.
If you like this analysis please support my work like and follow Thanks For Love
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Join my Telegram channel
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Contact For Learning
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t.me/+SFFwl7TAPDhkZDA0
Contact For Learning
t.me/GOLDFREESIGNALS134
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.