💱 USD/JPY Expecting Declines 💱

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💱 USD/JPY Expecting Declines

💱 Nearest strong support zone: around the fibo level 0.236 of the declining wave.

💱 Nearest strong resistance zone: around the fibo level of 0.382 of the declining wave.

💱 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Uptrend

📊 RSI: Uptrend

💱 Price action: the USD/JPY reached the area of 135 after which it began to perform a downward correction, it looks like the next week may bring us a test of the support zone, and only from it will depend on whether we start a continuation of increases or decreases

📉 The scenario I am playing out is a decline to the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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