📊 FXFOREVER USD/JPY Analysis
The price is trading near a key Support-Becomes-Resistance (SBR) zone between 156.944 - 157.156. If this level holds, a bearish move back toward the major support at 154.420 is possible. However, a breakout above the SBR zone could open the door to retesting the A+ Selling Area at 157.885 or even the Double Top at 158.527. Wait for confirmation before executing trades! 🚀
💡 Key Levels:
📉 Support: 154.420
📈 Resistance: 156.944 - 157.156, 157.885, 158.527
#FXFOREVER #USDJPY #ForexAnalysis #TechnicalTrading #CurrencyTrading
The price is trading near a key Support-Becomes-Resistance (SBR) zone between 156.944 - 157.156. If this level holds, a bearish move back toward the major support at 154.420 is possible. However, a breakout above the SBR zone could open the door to retesting the A+ Selling Area at 157.885 or even the Double Top at 158.527. Wait for confirmation before executing trades! 🚀
💡 Key Levels:
📉 Support: 154.420
📈 Resistance: 156.944 - 157.156, 157.885, 158.527
#FXFOREVER #USDJPY #ForexAnalysis #TechnicalTrading #CurrencyTrading
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fxforever
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.