"USD/JPY Potential Downward Movement to Key Support Level"
USDJPY This USD/JPY daily chart shows the currency pair's price action with trend channels and support/resistance levels. Key elements include:
- Current Price: 159.052 JPY
- Resistance: ~159.125 JPY
- Support: Projected at 142.538 JPY by July 2024
- Trend Channels: Indicated by blue and black lines, showing possible price movement zones.
- Downward Projection: Suggests a potential decline to 142.538 JPY.
Technical analysis tools like pitchforks and channel analysis highlight significant price levels and trends. This helps anticipate future price movements based on historical data.
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Trade active
Trade active
I SOLD 160.655 STOP LOSE 161
TP1 155
TP2 145
TP 3 137
Note
6M 
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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.