USDJPY is changing its local trend and succumbing to global pressure. The market is seeing a change in price movement following the decline in the dollar index...The trend has broken and the price movement has turned bearish. The fall in the dollar index is allowing the Japanese yen to strengthen, which is generally negative for the currency pair. The decline may continue after a slight correction.
Fundamentally, the dollar is correcting amid uncertainty due to the tariff war, as well as expectations of interest rate cuts.
Resistance levels: 147.20, 147.89
Support levels: 145.85, 145.23
As part of the correction, the price may test the liquidity zone of 147.7 or 0.7f. A false breakout and consolidation of the price in the selling zone may trigger a further decline in both the short and medium term.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.