USD/JPY: Possible Continuation of Short Position Towards the 141.38 Area, a Very Important Support Zone.
Why do I think this?
Uncertain Geopolitical Situation, JPY as a Safe-Haven Currency.
Technically, the current price has retested the 150 zone (a significant resistance area) without breaking through it. Looking at higher timeframes, the momentum appears to be bearish.
Why do I think this?
Uncertain Geopolitical Situation, JPY as a Safe-Haven Currency.
Technically, the current price has retested the 150 zone (a significant resistance area) without breaking through it. Looking at higher timeframes, the momentum appears to be bearish.
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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.