USDJPY price is showing lower lows and lower closes, indicating bearish dominance in the market. After testing the previous week's low, the market rebounded, forming a pullback. Currently, the price trades below the psychological 146.000 level, the upward trendline, and the channel border. Overall, the price action is forming an ABC pattern, suggesting that point C may complete at the 142.000 support level. If the price closes below the previous week's low, there is a high probability of further downward movement. My goal is support zone around 143.050Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.