USDJPY: Continued downside target
Greetings to the intelligent and affluent traders!
As predicted, USDJPY has experienced a decline and reached the target of 142.0 in yesterday's trading session.
Currently, a slight recovery is taking place as the mild expectations of the Fed are weakening the USD, but it is expected that this will not last long as this currency pair has broken through the support level of 142.5.
Unless there are any changes, the final defense level for the buyers of this currency pair on the chart is at 141.36 before 141.74.
As predicted, USDJPY has experienced a decline and reached the target of 142.0 in yesterday's trading session.
Currently, a slight recovery is taking place as the mild expectations of the Fed are weakening the USD, but it is expected that this will not last long as this currency pair has broken through the support level of 142.5.
Unless there are any changes, the final defense level for the buyers of this currency pair on the chart is at 141.36 before 141.74.
Commentaire:
🎯The US core PCE index remained at 0.1%, lower than forecast. After the data was released, the Dollar DXY index had a slight increase
