USDJPY → Retest of key resistance before falling

21 Şub

USDJPY breaks the bullish structure of the market. Dolla in the correction phase has a favorable impact on the market. The currency pair is forming a retest of the previously broken trendline after a strong impulse

The yen reached a 10-week high on Thursday, causing the USDJPY pair to fall to 149.5. Investors are looking for safe-haven assets due to increased trade tensions caused by Donald Trump's aggressive tariff policy.
The Japanese currency received additional support due to expectations of an interest rate hike by the Bank of Japan, which will increase its attractiveness for investors
For now, the focus is on the 0.5 fibo resistance zone, 150.95, and previously broken upside support

Support levels: 149.5, 148.64
Resistance levels: 150.95, 151.4

Most likely, before a possible fall, the price will be able to test the previously broken support, and now it is resistance 150.95 - 151.4. False breakdown of the key Fibo zones may provoke further fall.

Regards R. Linda!

22 Şub

Emir iptal

The price reached the target, but before that it did not reach the activation zone. Scenario cancellation