The ascending trend line is broken to the downside and price has been fixed below the line.
Same as GJ, price approached to the yellow support level at 121.470, but because it is facing a bearish pressure:
We can expect a push to the upside and a pull back to the trend line, then if price got rejected and broke the support level at 121.470, in the case of a 4H candle closure below this level, I expect a fall on USDJPY around 120.700 and 119.265
Same as GJ, price approached to the yellow support level at 121.470, but because it is facing a bearish pressure:
We can expect a push to the upside and a pull back to the trend line, then if price got rejected and broke the support level at 121.470, in the case of a 4H candle closure below this level, I expect a fall on USDJPY around 120.700 and 119.265
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.
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.