USDJPY Faces Strong Resistance at 151.20
USDJPY tested a strong resistance zone near 151.20. The initial reaction was solid, reinforcing the importance of this level.
Sellers appear to be defending 151.20, as the price has moved down twice after testing the area, successfully halting bullish momentum both times.
If this resistance holds, USDJPY could continue its downward move toward these targets: 🎯 148.85 🎯 148.20 🎯 146.95 🎯 145.80
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDJPY tested a strong resistance zone near 151.20. The initial reaction was solid, reinforcing the importance of this level.
Sellers appear to be defending 151.20, as the price has moved down twice after testing the area, successfully halting bullish momentum both times.
If this resistance holds, USDJPY could continue its downward move toward these targets: 🎯 148.85 🎯 148.20 🎯 146.95 🎯 145.80
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade closed: target reached
Note
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.