USDJPY 4H

31 Ara 2023

Price is following a strong downtrend making lower lows & highs. Price previously broke out of the key ascending trend line on the higher timeframe, & has retested last week to create new resistance & has closed below support. This upcoming week, I will be watching price action on the lower timeframe for a retest in the support region to create new resistance, & resume the overall downtrend structure for a new potential lower low into the key area of higher timeframe support below around 138.500

31 Ara 2023

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Happy New Year to all my supportive followers, wishing you all a prosperous year ahead!