USD/JPY currency pair, showcasing technical analysis to predict potential price movements. Key observations include:
1. Downward Channel - The black arrows and lines indicate a descending channel, suggesting a bearish trend.
2. Potential Support Zone - The white box highlights a possible support level where the price might reverse upward.
3. Downside Breakout - The chart predicts that the price could drop toward the 156.7 level.
This is a trading forecast. Ensure you consider additional analysis and risk management before making any decisions.
1. Downward Channel - The black arrows and lines indicate a descending channel, suggesting a bearish trend.
2. Potential Support Zone - The white box highlights a possible support level where the price might reverse upward.
3. Downside Breakout - The chart predicts that the price could drop toward the 156.7 level.
This is a trading forecast. Ensure you consider additional analysis and risk management before making any decisions.
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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.
Unlock Market Insights! 🚀
Join our Telegram for expert analysis, free trading signals & real-time updates. Stay ahead in the game.👇
t.me/OliviaGrace_0
Join our Telegram for expert analysis, free trading signals & real-time updates. Stay ahead in the game.👇
t.me/OliviaGrace_0
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.