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USDJPY has experienced some minor recovery periods during the week and is currently trading at 147.266 today. Despite ongoing corrections, the overall main trend for this currency pair still favors a long-term decline.
The resistance level and selling pressure that buyers may encounter at this time could be around 148.1, which also serves as the limit of the trendline. The next downward movement may occur if USDJPY fails to break out of the current trend as indicated on the chart.
USDJPY has experienced some minor recovery periods during the week and is currently trading at 147.266 today. Despite ongoing corrections, the overall main trend for this currency pair still favors a long-term decline.
The resistance level and selling pressure that buyers may encounter at this time could be around 148.1, which also serves as the limit of the trendline. The next downward movement may occur if USDJPY fails to break out of the current trend as indicated on the chart.
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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.