USDJPY Potential Reversal Movement
Hi Traders what do you think about USDJPY given suggestion in comments.
USDJPY Bearish Trend If you expect a bearish trend, you're likely forecasting that the USD will weaken against the JPY, potentially driven by various factors like market sentiment, economic data, or central bank actions.
Support and Resistance Levels:
Resistance Zone: 157.000 — This is a strong level where the price could struggle to break above. If it faces rejection here, it could reinforce a bearish move.
Support Zone: 153.000 — If the price approaches this level, it may find support and potentially reverse, depending on other market factors.
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USDJPY Bearish Trend If you expect a bearish trend, you're likely forecasting that the USD will weaken against the JPY, potentially driven by various factors like market sentiment, economic data, or central bank actions.
Support and Resistance Levels:
Resistance Zone: 157.000 — This is a strong level where the price could struggle to break above. If it faces rejection here, it could reinforce a bearish move.
Support Zone: 153.000 — If the price approaches this level, it may find support and potentially reverse, depending on other market factors.
If you like this analysis please support my work like and follow Thanks For Love
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