Hello everyone! There was an attempt to break the 147.85 resistance
level. However, we might have witnessed a fake break on Friday and price
is currently back below the resistance zone.
📌At present, USD/JPY is below the 147.85 resistance level.
📌 In the 4Hour chart, if price continues to stay below the key resistance
level, we can see a pullback of 100 pips or more
📌Traders can consider selling USD/JPY@147.70-147.90 with SL above 148
and initial TP at 146.70
level. However, we might have witnessed a fake break on Friday and price
is currently back below the resistance zone.
📌At present, USD/JPY is below the 147.85 resistance level.
📌 In the 4Hour chart, if price continues to stay below the key resistance
level, we can see a pullback of 100 pips or more
📌Traders can consider selling USD/JPY@147.70-147.90 with SL above 148
and initial TP at 146.70
הערה:
Price is holding well below the resistance so far. Let's see if NY session moves it further lower