USDJPY
New forecast
The USD/JPY pair shows slight negative trading at the opening of the day, putting pressure on the 50 moving average, providing signs of a possible shift in the trend to the downside.
The conflict between technical factors makes us prefer to stay neutral until the price confirms its position regarding the 149.40 level, noting that confirming its break will pressure the price to decline towards 148.35 as main negative targets, while consolidation above it will reactivate the positive scenario that targets 150.00 and then 151.00 levels as stops. Next main.
The expect range trading for today it will between resistance line 150.00 and support line 149.40 .
Additionally ,Today News will affect the market .
support line : 149.40 , 148.89
resistance line : 150.00 , 151.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The USD/JPY pair shows slight negative trading at the opening of the day, putting pressure on the 50 moving average, providing signs of a possible shift in the trend to the downside.
The conflict between technical factors makes us prefer to stay neutral until the price confirms its position regarding the 149.40 level, noting that confirming its break will pressure the price to decline towards 148.35 as main negative targets, while consolidation above it will reactivate the positive scenario that targets 150.00 and then 151.00 levels as stops. Next main.
The expect range trading for today it will between resistance line 150.00 and support line 149.40 .
Additionally ,Today News will affect the market .
support line : 149.40 , 148.89
resistance line : 150.00 , 151.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
