USD/JPY - Resistance reached. What's next?
In the 4 hours chart, we can see that USD/JPY has reached a resistence level that has been rejected.
There are two possible scenarios:
First: The market will build a support structure at one of support levels and retest strong resistence with a possible breakout.
Than, establishment of a new strong support zone and continued upward movement.
Second: The market will not be able to stop the bearish movement at one of the support levels and will make a deeper rejection until a strong support zone is reached.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
There are two possible scenarios:
First: The market will build a support structure at one of support levels and retest strong resistence with a possible breakout.
Than, establishment of a new strong support zone and continued upward movement.
Second: The market will not be able to stop the bearish movement at one of the support levels and will make a deeper rejection until a strong support zone is reached.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.