Hey dear friends,
Looking at the chart, USDJPY is currently in a corrective phase after hitting a significant resistance level. The price has breached below the trendline, and if it closes the candle below this level, USDJPY will likely trigger a stronger bearish move.
With this outlook, the next target for the decline is the 146.00 area. The price could continue moving lower if the current support isn’t held. Keep an eye on this level to confirm a stronger bearish trend.
Good luck, and don’t forget to share your thoughts in the comments!
Looking at the chart, USDJPY is currently in a corrective phase after hitting a significant resistance level. The price has breached below the trendline, and if it closes the candle below this level, USDJPY will likely trigger a stronger bearish move.
With this outlook, the next target for the decline is the 146.00 area. The price could continue moving lower if the current support isn’t held. Keep an eye on this level to confirm a stronger bearish trend.
Good luck, and don’t forget to share your thoughts in the comments!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
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.